A total of 2,410 such permits were issued by Tehran Municipality in Q4, indicating a 5% increase over the preceding quarter (Sept. 23-Dec. 21, 2019) but a 10.1% decrease compared with the same quarter of the year before.
A total of 17,529 homes are expected to be built as a result of the permits issued in Q4 to register a quarter-on-quarter rise of 8.2% but a year-on-year decrease of 7.5%.
In Tehran, the total floor area of units in buildings with permits in winter stood at 3,107,000 square meters, registering a 0.5% QOQ and a 12.5% YOY decline.
The average number of residential units per permit in the capital city was 7.4.
The average floor area of units per permit in the capital city was at 1,192 square meters.
In the fourth quarter of last year, municipalities across the country issued 42,853 building permits, registering a 23.7% increase QOQ but a 14.1% decrease YOY.
A total of 103,166 housing units are expected to be built as a result of the permits issued across Iran’s urban areas in Q4, indicating a 21.3% increase compared with the quarter before but a 10% decline when compared with the corresponding quarter of last year.
Across the country, the total floor area of units in permitted buildings in Q4 was at 19,564,000 square meters, posting a 24.5% growth QOQ but a 10% decrease YOY.
The average number of residential units per permit across the country was 2.7.
The average floor area of residential units per permit was 462 square meters.