Reduction of housing inflation in November 1400
According to Tejarat News, quoting the Statistics Center of Iran, the inflation rate refers to the percentage change in the price index number compared to the same month last year. The point inflation rate reached 2.20% in November 1400; In other words, buyers have to pay an average of 20.2% more to buy a residential unit in Tehran than in November 2016. Inflation at this month has decreased by 2.2 percentage points compared to the previous month (22.4).
Reduce monthly inflation
Monthly inflation rate means the percentage change in the price index number of the current month, compared to the index number of the previous month, which in November 1400 this information has reached 0-5 percent. Monthly inflation in November has decreased by 4.0 percentage points compared to the same information in the previous month (3.5%).
Annual inflation reduction
Annual inflation rate means the percentage change in the average price index numbers in a year ending this month, compared to the index of the same period last year. The annual inflation rate in November of 1400 residential properties in Tehran has reached 8.51 percent, which has decreased by 7.5 percentage points compared to the same information in the previous month (59.3).
The price index of residential real estate in Tehran has been calculated using the registration information of the real estate system of the country and by Hadanik method. To calculate the percentage change in the price of residential units, the price index shows the price changes better than the average price. Because the specifications of units sold in different periods can have many changes that can not be identified in the calculation of the average price. For example, the number of newly sold units sold in one period may be much higher than in the previous period, in which case the average price of two consecutive periods will not be comparable.
The price index calculated by Hedanik method solves this problem and eliminates the effect of qualitative changes during different periods, so although the average price of residential real estate is more tangible than the price index for the general public, due to the elimination of qualitative changes. In calculating the price index by the hedonic method, the price changes in this method are much more accurate than the changes in the average price method.
Source: stamp