BAKU, Azerbaijan, March 31. The average price of 1 square meter apartment in Iran's capital Tehran was more than 814 million rials (about $19,390) in the 12th month of the last Iranian year (from February 20 through March 19, 2024), the statistics of Iran's Central Bank said, Trend reports.
According to the statistics, in the 12th month of last year, the price of 1 square meter of apartments in Tehran increased by 3.8 percent compared to the 11th month (from January 21 through February 19, 2024) and by 24.8 percent compared to the same month. of the previous year.
The statistics add that at the same time, the price of a 1 square meter apartment in Tehran was about 785 million rials (about $18,685) in the 11th month.
Statistics reveal that in the 12th month, the price of 1 square meter of the priciest apartment among 22 districts in Tehran was 1.5 billion rials (about $35,876) in District 1, while the price of 1 square meter of the cheapest apartment was 432 million rials in District 18 (about $10,290).
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Period |
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12th month of last Iranian year (from February 20 through March 19, 2024) |
11th month of last Iranian year (from January 21 through February 19, 2024) |
12th month of previous Iranian year (from February 20 through March 20, 2023) |
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|
Number of apartment sales (units) |
6 179 |
6 183 |
9 729 |
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Average price of 1 square meter of apartment ($) |
19 390 |
18 685 |
15 533 |
Meanwhile, due to the severe devaluation in Iran in recent years, there has been a serious increase in prices in many areas, including the housing sector. At the same time, there is a housing shortage in the country, mainly in major cities. The Iranian government announced that 4 million apartments will be available to the citizens of the country within 4 years, starting from 2021.
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