New data released by the Central Bank of Iran on Tehran’s housing market show the number of sales has increased in the second consecutive month.
A total of 10,184 homes were sold in the capital city during the ninth month of the current Iranian year (Nov. 22-Dec. 21), registering a 27.2% rise compared to the previous month and a 4.2% increase compared with the corresponding month of the previous year.
The report also shows the average price of each square meter of a residential property in Tehran stood at 480.73 million rials ($1,201) during the period, registering a 47.5% rise over last year’s same month.