EghtesadOnline: The average price of each square meter of a residential property in Iran stood at 152 million rials ($584) in the month ending Nov. 20, says Mahmoud Mahmoudzadeh, the head of Housing Department of the Ministry of Roads and Urban Development.

EghtesadOnline: The decline in prices of homes located in districts one, two, three and six, which are affluent neighborhoods of Tehran, have been sharper than those in other districts of the capital city, says Mahmoud Mahmoudzadeh, deputy minister of roads and urban development.

EghtesadOnline: The dearth of supply is one of the reasons behind skyrocketing home prices in Iran, says Hossein Afshin, an official with Majlis Research Center.