BAKU, Azerbaijan, November 4. The average price of 1 square meter of an apartment in Tehran city was around 761 million rials (about $18,109) for the 7th month of the current Iranian year (September 23 through October 22, 2023), Trend reports.
The data from Iran’s Central Bank shows that the price of apartments per square meter increased by 1 percent compared to the 6th month of the current Iranian year (August 23 through September 22, 2023).
So, the average price of 1 square meter of an apartment in Tehran city was 753 million rials (about $17,935) in the 6th month.
Also, the average price of 1 square meter of an apartment in the 7th month increased by 73.9 percent compared to the same month last Iranian year.
The most expensive price for apartments between the 22 districts of Tehran was registered in the 1st district over the 7th month. Thus, the price of apartments per square meter in the district amounted to 1.49 billion rials (about $35,466). The cheapest apartment prices in the 7th month were registered in the 18th district.
So, the price of apartments per square meter in this district was about 323 million rials (about $7,685).
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Period |
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7th month of the current Iranian year (September 23 through October 22, 2023) |
6th month of the current Iranian year (August 23 through September 22, 2023) |
7th month of the last Iranian year (September 23 through October 22, 2022) |
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Buy/sell apartments |
3,133 |
2,610 |
5,416 |
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The average price of apartments per square meter ($) |
18,109 |
17,935 |
10,410 |
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Iran has faced serious price hikes in many areas, including the housing sector, due to the severe devaluations in the country in recent years. There is also a lack of housing in the country, especially in large cities. The Iranian government has declared that it will supply 4 million apartments to its citizens in the country in a span of 4 years, starting in 2021.
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