The housing market is in recession / buyers are waiting for price reduction – Tejaratnews
According to Tejarat News, field surveys from some Tehran real estate consultant offices indicate that the real estate market has faced unprecedented recession and buyers have withdrawn.
Although the Central Bank and Statistics Center of Iran have stopped publishing the housing market developments report for several months, but the investigation of the housing market situation indicates that this sector is in an almost non-inflationary recession. This year, there is no news of unusual price increases in the housing market.
The current market conditions have caused buyers to expect further price reductions, a problem that has caused a significant reduction in housing purchases. In this market, owners have offered discounts of up to 25% and put their units in the sale file, hoping to entice buyers. Of course, this discount is more in the northern regions of the capital than in the central and southern regions.
The price of a residential unit in different areas of Tehran
Currently, a newly built 125-meter unit is offered for sale at the price of 100 million tomans per square meter. The price of a unit with this specification was around 125 million Tomans in March last year and early this year.
A 125-meter duplex residential unit located in Ajodaniyeh at a price of 15 billion tomans (120 million tomans per square meter), an 85-meter apartment in Ezgol at a price of 9.5 billion tomans, a 95-meter residential unit located in the program organization at a price of 12.5 billion tomans, a 92-meter apartment In Dolat Abad with a price of 5.5 billion Tomans, a 100-meter apartment 4 years in Shariati with a price of 12.1 billion Tomans (the price of each square meter is 121 million Tomans), a newly built 88-meter residential unit located in Ponk with a price of 116 million Tomans per meter and a 90-meter unit It has been put up for sale in Ferdous Boulevard with a price of 8.8 billion tomans.
A 90-meter unit located in Shkoufeh with a life of 12 years has been offered for sale at 3.8 billion tomans, that is, about 42.2 million tomans per square meter. Of course, in the meantime, some owners seem to be unaware of the realities of the market and continue to offer space prices to sell their units. As an example, the owner of an 85-meter residential unit built in one year for 23 billion and 800 million tomans, that is, 280 million tomans per square meter has been offered for sale!
| The Neighbourhood | Meterage | Suggested selling price |
| The forest chief | 76 | 7.6 billion tomans |
| Punk | 100 | 10 billion tomans |
| Southern worker | 80 | 3.6 billion tomans |
| Vali Asr Square | 90 | 7.2 billion tomans |
| Hakimiya | 95 | 8 billion tomans |
| Hervey | 90 | 12.1 billion tomans |
| Keshavarz Boulevard | 75 | 7.8 billion tomans |
| Tehran Pars | 70 | 5.2 billion tomans |
| The son-in-law | 95 | 11 billion tomans |
| Motahari | 88 | 7.5 billion tomans |
| Jihoon | 78 | 5.9 billion tomans |
| geisha | 105 | 13 billion tomans |
| Nematabad | 85 | 2.8 billion tomans |
| Eastern | 68 | 2.8 billion tomans |
| Keshavarz Boulevard | 88 | 7.5 billion tomans |
| Hawk | 60 | 7.2 billion tomans |
| border guards | 80 | 10.5 billion tomans |
Source: Tasnim