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Iran reveals apartment prices for Tehran city

Business Materials 29 December 2020 14:29 (UTC +04:00)

BAKU, Azerbaijan, Dec. 29

By Elnur Baghishov – Trend:

The average price of apartments per square meter in Iran’s capital Tehran city was 269 million rials (about $6,400) in the 9th month of the current Iranian year (November 21 through December 20, 2020), Trend reports citing the statistics of Central Bank of Iran (CBI).

According to the statistics, the price of apartments per square meter decreased by 1.1 percent compared to the 8th month of the current Iranian year (October 22 through November 20, 2020) and increased by 98.9 percent compared to the 9th month of last Iranian year (November 22 through December 21, 2019).

“The most expensive price for apartments between 22 districts of Tehran was registered in the 1st district. Thus, the price of apartments per square meter in the district amounted to 571 million rials (about $13,600). While the cheapest apartment prices in the 9th month were registered in the 18th district. So, the price of apartments per square meter in this district was 108 million rials (about $2,570). The prices in these districts increased by 84 percent and 66 percent, respectively, compared to the same month last Iranian year,” the statistics said.

Period

Percentage change

The 9th month of the current Iranian year (Nov. 21 through Dec. 20, 2020)

The 8th month of the current Iranian year (Oct. 22 through Nov. 20, 2020)

The 9th month of last Iranian year (Nov. 22 through Dec. 21, 2019)

Compared to the last month

Compared to the same month last Iranian

Buy/sell of apartments

2,555

4,466

9,537

-42.8

-73.2

The average price of apartments per square meter

$6,406

$6,474

$3,220

-1.1

98.9

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