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Apartments in Tehran rise in price

Business Materials 18 November 2019 11:26 (UTC +04:00)
Apartments in Tehran rise in price

BAKU, Azerbaijan, Nov. 18

By Elnur Baghishov - Trend:

The price per square meter of land for apartments in Iran’s Tehran city increased by 131.7 percent this summer compared to the same period last year, Trend reports referring to Iranian Statistical Center.

Table for the price per square meter of land for apartments this summer in Iran’s Tehran city:

Price of 1 square meter of land for apartments (in thousand rials)

Change in price compared to spring this year

Change in price compared to summer last year

Average territory (in square meters)

Minimum

Maximum

In average

Average price

Number of sale and purchase operations

Average price

Number of sale and purchase operations

Tehran city

25,694

725,000

186,604

10

-49.3

131.7

-55.4

270

According to the report, the price of 1 square meter of housing this summer in Tehran increased by 80.1 percent.

Table for the price per square meter of housing this summer in Iran’s Tehran city:

Selling price of 1 square meter of housing (in thousand rials)

Change in price compared to spring this year

Change in price compared to summer last year

Average territory (in square meters)

Average age of buildings (year)

Minimum

Maximum

In average

Average price

Number of sale and purchase operations

Average price

Number of sale and purchase operations

Iran city

20,000

638,889

136,873

4.5

-49.6

80.1

-70.2

86

11

The price of rented apartments rose by 31.2 percent this summer in Tehran in addition to the payment of 3 percent pledge of the total cost of the apartment.

Renting price of 1 square meter of apartments (in thousand rials)

Change in price compared to spring this year

Change in price compared to summer last year

Average territory (in square meters)

Average age of buildings (year)

Minimum

Maximum

In average

Average price

Number of sale and purchase operations

Average price

Number of sale and purchase operations

Tehran city

32,500

2,175,948

435,420

8.1

40.4

31.2

-8.9

82

14

Under the terms of the apartment renting agreement in Iran, 3 percent of the sale price of the apartment is pledged to the apartment owner and returned when the contract expires.

According to the official exchange rate of the Iranian Central Bank, $1 is 42,000 rials. It is possible to import the necessary products into the country according to this exchange rate. $1 is 113,000 rials in the black market.

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