Iranian Housing market

EghtesadOnline: The number of home sales in the current fiscal year (started March 20) has been on the rise, but that does not necessarily mean the housing sector has successfully managed to escape recession, the head of Tehran Association of Realtors said.

EghtesadOnline: The housing sector has entered its "first phase of recovery" and is on the threshold of a pre-boom trajectory that should eventually lead to an upturn, according to a leading real estate expert.

EghtesadOnline: The total number of home sales in Tehran reached 15,000 during the month ending July 20, marking an annual growth of 27.6%. Residential units were sold at an average price of 42.3 million rials ($1,200) per square meter, an increase of 4.4% compared with the same period last year.