Tehran Housing Slump Reviewed

EghtesadOnline: According to CBI, a total of 5,416 homes were sold in Tehran during Sept. 23-Oct. 22, registering a 10.2% fall compared to the previous month and a 1% decrease compared with the corresponding month of the previous year.

News ID: ۷۵۱۹۶۱

02 November 2022

Data released by the Central Bank of Iran and the Statistical Center of Iran confirm that the housing market in the capital city Tehran is falling deeper into a slump.

According to CBI, a total of 5,416 homes were sold in Tehran during the current Iranian year’s seventh month (Sept. 23-Oct. 22), registering a 10.2% fall compared to the previous month and a 1% decrease compared with the corresponding month of the previous year. It considers it the fourth consecutive month of decline in sales.

This is while SCI says a total of 4,830 residential properties were sold during the month under review across Tehran, down from 5,159 in the preceding month, adding that District 5 saw the highest volume of housing deals with 729, while District 19 had the lowest figure with 31.