Stability of housing prices in the south of Tehran

According to Tejarat News, the situation of monthly and annual growth rates of housing prices in the south of Tehran, along with factors such as the distance between the house price and general inflation and price stability in the past eight months, indicates that this market in the south of the capital is on a stable path. .

The housing market in the southern regions of Tehran has reached a price equilibrium. A comparison of the annual growth rate of housing prices in the south of the capital shows that the increase in rates in most areas is lower than the average and in general the market in the southern half of Tehran has stabilized.

Two regions in the south of Tehran, which are more prosperous in terms of the number of transactions than other regions, namely regions 10 and 14 in November this year, faced a 30 and 47 percent increase in transactions compared to October, and prices in these regions are 2.9, respectively. And increased by 5.3%.

However, the trend of annual price increase in these two regions, which is a better indicator for examining the capacity of these two areas, indicates an increase of 11 and 17.5 percent in regions 10 and 14, respectively. The average annual price growth in the whole city of Tehran was 17.8%.

The study of the annual growth rate of housing prices in the southern regions of Tehran shows that the average growth rate in November this year compared to November last year in Region 9 was 8.5 percent, Region 10 was 11 percent, Region 11 was 14.2 percent. Region 12 equals 10%, Region 13 equals 22%, Region 14 equals 17.5%, Region 15 equals 15.6%, Region 16 equals 18.5%, Region 17 equals 15.8%, Region 18 was 20.8 percent, District 19 was 16.9 percent, District 20 was 29.9 percent and District 21 was 23 percent.

Given the relative stability of housing prices in Tehran over the past eight months, it seems that the market has entered a phase of recession of 10 to 12 seasons. The departure of the annual growth rate of housing prices from general inflation and the study of the long-term developments in this market indicate the completion of the housing boom period. Currently, the annual increase in housing prices in Tehran is 17.7 percent, while general inflation has reached 45 percent.

Due to the decrease in construction, the housing market in the south of Tehran is faced with a shortage of new and high-quality files. The high volume of housing supply in the two northern areas of the capital indicates a stagnation in the housing market in these areas.

Surveys show that most of the apartment sales files in Tehran are related to region 2, followed by region one. This is while the region ranks first in terms of the number of transactions. But one-year housing inflation in this region has been lower than in regions 1 and 2.

Region 2 accounts for about 25% of apartment sales files in the entire city of Tehran; While the share of this region in definitive transactions in November 1400 was announced at 8.3 percent, which indicates an oversupply in this region.

November 1400, Region 1, with an increase of 32% compared to the same month last year, had the highest annual price growth among the 22 regions of Tehran. The continuation of this situation in the coming months can be considered a sign of capital demand entering the housing market. Meanwhile, the annual price growth in Region 2, which ranks third in transactions, was 13.6 percent. In District 5, as the most traded area of ​​the capital, the price growth compared to November last year was only 7.3 percent. The average annual price increase in the whole city of Tehran was 17.7%.

Therefore, according to the report, in November 1400, the average price of one square meter of housing in Tehran was 32 million and 9 thousand tomans, which has increased by 1.2 and 17.7 percent, respectively, compared to the previous month and the same period of the previous year. The number of transactions in this month was about 7.3 thousand items, which compared to the previous month and compared to the same month last year shows an increase of 33.5 and 63.5 percent, respectively.

Source: ایسنا

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