50% jump in housing prices in one year – Tejaratnews

According to Tejarat News, the price index of residential apartments has been on an upward trend at least since 1997; The upward slope of the price index has faced a jump at some points and has risen faster. At the same time, although since the winter of 1999, the growth rate of the price index has decreased and this trend has continued until last year, but the examination of the price chart shows that this index has traveled its upward path at a higher speed this year; In such a way that the price index has reached 167.4 units from around 120 units at the beginning of this year!

It should be noted that the price index represents the percentage of changes in the price of residential apartments and can show a clearer picture of the behavior of the housing market. In this connection, it should be mentioned that the price index of residential apartments in Tehran has grown a lot in the fall season, so that it reached 167.4 units from 159.5 units in October, which indicates a growth of 5% in one month.

Golan monthly housing price inflation

The data of the Statistics Center shows that the monthly inflation of residential units in Tehran was 5% in November, which shows a significant growth at least compared to the same time period of 1998, 1999, and 1400. In the meantime, a look at the monthly inflation of summer shows that the November inflation figure was not less than the summer inflation, which is generally known as the booming season of the real estate market.

Spot inflation growth

Point-to-point inflation of residential units has faced growth in November. So that this index has reached 50% in the eighth month of this year! According to others, housing applicants this month should buy compared to November last year Housing They paid 50% more money. Tehran’s housing market has recorded this record while the country’s general inflation was announced at 44% in November! Meanwhile, the inflation sector Housing In October, it was 44%, which shows a 5.3% increase in housing inflation in just one month.

Annual housing inflation in Tehran

data Statistics Center It also indicates an annual inflation of 35% in the price of residential units in Tehran during the eighth month of this year. Annual inflation means price changes during one year leading up to the period under review. In this way, the annual inflation in this month has increased by 2.6% compared to October. Another interesting thing to note is that the annual inflation had decreased until the beginning of this summer, but it has started an upward trend since the summer and continues.

Average price in 22 districts of Tehran

As it was announced earlier and it was expected, in November, the first district of Tehran experienced the highest price growth and the 18th district experienced the lowest price growth. At the same time, the average price growth rate of “Tehran city” was lower than the price growth rate of regions 1, 3, 2, 6, 5, 4 and 22.

The preliminary data of the Iranian Statistics Center on developments in the housing sector, which was published last week, had reported a significant increase in prices in the eighth month of this year. At the same time, these data indicated an increase in the number of transactions from around 5 thousand transactions in October to 8 thousand transactions in November. Economic observers believe that the growing trend of prices in the sector Housing As long as the price of the dollar is bullish and the inflation outlook is growing, it will continue; However, if the number of transactions continues to increase, we can be optimistic that the market Housing It comes out of the recession period. Now we have to wait for December statistics to clarify whether the path is being followed or not.

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