Construction input price index hikes in Iran

Business Materials 5 February 2018 16:25 (UTC +04:00)

Baku, Azerbaijan, Feb. 5

By Khalid Kazimov – Trend:

The prices of construction materials and other inputs surged by 12 percent over the last summer compared to the same time of the preceding year.

According to the latest report by the Statistical Center of Iran, Construction input price index (CIPI) in the capital city reached 216.7, while in the preceding year it stood at 193.5.

The figure for this autumn was 216.7 which grew by 2.4 percent compared to summer.

This is while the latest statistics by the Central Bank of Iran indicate a 13.5 percent increase in the number of sales of residential apartments over the last calendar month to January 20 in the capital Tehran.

According to the statistics, 19,000 residential apartments were sold in the capital city in the mentioned period, indicating a 13.5 percent increase compared to the same time of last year.

In the meantime, the average price of the residential properties in Tehran has increased by 16.7 percent year-on-year.