EconomicalHousing

Housing prices in the most popular areas of Tehran


According to Tejarat News, about half of Tehran metropolitan housing transactions are done in only five of the 22 districts of Tehran. Areas 5, 10, 2, 4 and 14 in September this year accounted for 48% of housing purchase and sale contracts in the capital. Studies show that each of the above areas has its own characteristics that have increased the attractiveness of speculation.

For example, the characteristic of Zone 5 is a population of more than 850 thousand people, its size, having per capita services and its railway and freeway communication lines.

In District 14, which became the fifth most popular area in September, the dominant feature is the coordination of housing prices with the purchasing power of the middle and lower classes.

District 10 is also the target of consumer purchases due to its location in the city center, the existence of small units and reasonable prices. In all five areas, the presence of speculators, investors and buyers and sellers is prominent.

Among the mentioned areas, Region 2, with a population of about 701 thousand people, has the highest housing price with an average of 49.8 million Tomans per square meter. The average price of each meter of house in region 5 is 37.6 million Tomans, region 4 is 33.7 million Tomans, region 14 is 22.8 million Tomans and region 10 is 20.6 million Tomans.

The most popular areas of Tehran in September 1400 faced a growth in transactions. Over the past month, sales in Region 2 grew by 39 percent, Region 5 by 24 percent, Region 4 by 55 percent, Region 14 by 60 percent and Region 10 by 32 percent.

Prices also increased in four other regions, except for Region 14, which fell by about half a percent compared to August; In the past month, housing prices in Region 2 increased by 4%, Region 5 by 1.6%, Region 4 by 1.5% and Region 10 by 3.7%. In the whole city of Tehran, transactions grew by 42% and prices by 2.4% compared to August.

Experts consider investment sales as one of the factors in the relative prosperity of transactions in September. Factors such as the last opportunity in the relocation season, rising inflation, the possibility of prolonging the recovery process of Borjam, the entry of the dollar into channel 28 and even touching the channel of 29 thousand tomans in a short time, low return on investment in manufacturing sectors and public perception of housing as a Secure assets were one of the reasons for the success of the housing market in September 1400.

Abbas Zeinali, an expert in the housing market, said about the latest developments in this market in September 1400: When an economic activist examines, he sees that none of the parallel markets is as reliable or profitable as expected. There is still a need for housing in the community and the investor is well aware of the gap between supply and demand.

“Other markets, such as gold or foreign exchange, sometimes hurt capital,” Zainali said. As a result, people are moving to the safest part of their assets, which is the purchase of residential, commercial and office units. Especially in residential units, there is always an effective demand in our country.

“Although everything depends on the implementation of government policies, but more than a slight growth for the housing market can not be imagined,” said the housing market expert on the forecast of house prices in the second half of the year. Prices may move a small number later this year due to the traditional needs of the market, but it will certainly not jump; Because the stimulus is not so visible.

Source: ایسنا

Read the latest housing news on the Tejarat News Housing Market page.

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