Construction Permits Decline in Tehran

EghtesadOnline: The Statistical Center of Iran has published its latest figures concerning building permits issued in Tehran as well as throughout the country during the second quarter of the current fiscal year that ended on Sept. 22, 2019.

News ID: ۷۴۹۵۵۶

27 January 2020

A total of 2,116 permits were issued by Tehran Municipality in Q2, indicating a 4% decline over the preceding quarter (March 21-June 21, 2019) and a 26.8% decrease compared with the same quarter of the year before, according to Financial Tribune.

The average number of residential units per permit in the capital city was 6.9.

A total of 14,540 homes are expected to be built as a result of the permits issued in Q2, to register a quarter-on-quarter decline of 3.9% and a year-on-year decrease of 30.9%.

In Tehran, the total floor area of units in buildings with permits in summer stood at 2,667,000 square meters, registering a 4.1% QOQ and a 31.3% YOY decline.

The average floor area of units per permit in the capital city was at 1,260 square meters.

In the second quarter of the current year, municipalities across the country issued 38,393 building permits, registering a 5.1% increase QOQ and a 14.8% rise YOY.

The average number of residential units per permit across the country was 2.6.

A total of 98,659 housing units are expected to be built as a result of the permits issued across Iran’s urban areas in Q2, indicating a 3.1% increase compared with the quarter before and a 3.9% rise when compared with the corresponding quarter of last year.

Across the country, the total floor area of units in permitted buildings in Q2 was at 17,773,000 square meters, posting a 1.3% growth QOQ and a 0.6% increase YOY.

The average floor area of units per permit was 426 square meters.