BAKU, Azerbaijan, May 8. The average price of one square meter of apartment in Iran's capital, Tehran, was more than 816 million rials (about $19,435) in the 1st month of the current Iranian year (from March 20 through April 20, 2024), according to Iran's Central Bank statistics, Trend reports.
According to the statistics, the price of 1 square meter of apartment in Tehran in the 1st month increased by 0.2 percent compared to the 12th month of last year (from February 20 through March 19, 2024) and by 22.9 percent compared to the same month. of last year.
The information indicates that the price of a 1-square-meter apartment in the city of Tehran was 814 million rials (about $19,390) in the 12th month of last year.
Statistics show that in the first month, the price of 1 square meter of the most expensive apartment among 22 districts of Tehran is 1.5 billion rials (about $35,814) in District 1, while the price of 1 square meter of the cheapest apartment is about 424 million rials in District 18 (about $10,085).
|
Period |
|||
|
1st month of the current Iranian year (from March 20 through April 20, 2024) |
12th month of the last Iranian year (from February 20 through March 19, 2024) |
1st month of the last Iranian year (from March 21 through April 21, 2023) |
|
|
Number of purchases and sales of apartments (units) |
1 508 |
6 179 |
1 757 |
|
Average price of 1 square meter of apartment (in $) |
$19,435 |
$19,390 |
$15,819 |
To note, Iran's recent devaluation has raised prices in numerous sectors, including housing. Housing is scarce, especially in major cities. The Iranian government announced that 4 million apartments will be available to the citizens of the country within 4 years, starting in 2021.
Stay up-to-date with more news on Trend News Agency's WhatsApp channel