Iranian official denies rumors on surging house prices
Baku, Azerbaijan, Jan. 22
By Khalid Kazimov – Trend:
A senior Iranian official has denied rumors suggesting that the prices of residential units will surge by 50 percent over the next calendar year (starting March 20).
Hamed Mazaherian, a deputy minister of Roads and Urban Development, has said that a group of dealers seek to reap benefits through spreading such rumors, local media outlets reported.
Saying that there are enough empty residential units to be sold in the country, he said that there is no need to be concerned about rumors on the price hike over the coming year.
The number of sold apartments in capital Tehran, the country’s largest housing market, increased by 50.2 percent over the ninth calendar month ending to December 22.
According to the latest report by the Central Bank of Iran, about 17,800 housing units were sold in Tehran over the mentioned period.
Per square meter of residential units over the last Iranian month was sold for $1432.5, indicating a growth of 14.9 percent, compared to the same time last year.