The Central Bank broke its silence / 74% growth in housing prices in one year – Tejaratnews
According to Tejarat News, the central bank finally published a report on the developments in the Tehran housing market today after about 11 months.
Based on this, the average purchase and sale price of each square meter of residential unit traded through Tehran real estate companies in October 1402 was equal to 76 million and 60 thousand tomans. This statistic indicates that the price of housing in the first month of autumn this year has increased by one percent compared to the previous month, which is September.
Also, during this period, the number of residential apartments traded in Tehran reached 3,100 residential units
has reached, which shows a 20% increase compared to the previous month and a 2.42% decrease compared to the same month of the previous year.
Popular apartments from the point of view of the year of construction
On the other hand, the study of the distribution of the number of residential units traded in the city of Tehran according to the age of the building in October
It shows that out of the total of three thousand and 133 residential units traded, the units up to the last five years of construction with a share of 27.4% have the most buying and selling. This amount has decreased by 1.2 percent compared to last year’s October.
Popular areas of Tehran in October 1402
The number of transactions registered in the 22 districts of Tehran shows that District 5 with 404 transactions and a share of 12.9% of the total transactions is at the top of the districts in terms of buying and selling residential units. After that, Region 10 is in second place with 293 transactions. Region 4 is in the third place with 270 transactions.
This is despite the fact that according to the reports of the central bank, most of the region 2 was in the third place, and now the 4th region is with a small difference compared to one of the most prosperous regions of Tehran, i.e. the 10th region.
What is the most expensive area of Tehran?
Among the 22 districts of Tehran Municipality, the highest average price of one square meter of residential infrastructure was traded
The equivalent of 148 million and 960 thousand tomans belonged to region 1 and the lowest with 32 million and 280 thousand tomans belonged to region 18.
Housing rent inflation
Examining the rental housing rent index in Tehran in October 1402 indicates a growth equal to 2.4 percent compared to the previous month. The point-by-point growth of housing rent in this period and in Tehran and all urban areas compared to the same month last year was equal to 7.54 and 80.60 percent, respectively.
Read the latest news related to housing in the housing section of Tejaratnews.