Rising land and building prices

October 9, 2021

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According to Tejarat News, the country’s real estate agencies are required to register the details of all purchase and sale transactions, the document of which is transferred through the registry office, in the country’s real estate management information system.

Given that the decrease or increase in the volume (number) of transactions in large cities, causes a sharp decrease or increase in the average (arithmetic) price in the province or country, the adjusted average (weight) is used to eliminate the effect of the volume of transactions, Determined the real price changes. In addition, the weights used on the basis of inhabited housing units in the general population and housing census have been updated to 25.

The average selling price of each square meter of land or land of a large residential building traded through real estate agencies in the whole country was 4 thousand Rials with an average area of 24 square meters, which compared to the previous season, 6.8 percent and compared to the same period last year ٩٨ ٩% increase…