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Prices for apartments in Iran’s Tehran city falling

Finance Materials 27 April 2021 16:52 (UTC +04:00)
Prices for apartments in Iran’s Tehran city falling

BAKU, Azerbaijan, Apr. 27

By Elnur Baghishov – Trend:

The average price of 1 square meter of apartment in the Tehran city was 293 million rials (about $6,980) in the 1st month of the current Iranian year (March 21 through April 20, 2021), Trend reports citing the statistics of Central Bank of Iran.

According to the statistics, the price of apartments per square meter decreased by 3.1 percent compared to the 12th month of the last Iranian year (February 19 through March 20, 2021). So, the average price of 1 square meter of apartment in Tehran city was 302 million rials (about $7,200) in the 12th month.

In addition, the average price of 1 square meter of apartment increased by 91.7 percent compared to the same month last Iranian year.

“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 668 million rials (about $15,900). The cheapest apartment prices in the 1st month were registered in the 18th district. So, the price of apartments per square meter in this district was 135 million rials (about $3,200). The prices in these districts increased by 113 percent and 81.64percent, respectively, compared to the same month of the last Iranian year,” the statistics said.

Period

Percentage change

The 1st month of the current Iranian year (Mar. 21 through Apr. 20, 2021)

The 12th month of the last Iranian year (Feb. 19 through Mar. 20, 2021)

The 1st month of the last Iranian year (Mar. 20 through Apr.19, 2020)

Compared to the last month

Compared to the same month in preceding Iranian year

Buy/sell of apartments

2,090

5,270

1,240

-60.3

68.5

The average price of apartments per square meter ($)

$6,980

$7,200

$3,640

-3.1

91.7

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