The housing market situation in East Tehran/ Will the housing price decrease continue? – Tejarat News
According to Tejarat News, real estate consultants in different areas of Tehran, including the Narmak neighborhood in the east of the capital, say that real estate is rarely bought and sold these days, and the market tends to lower prices a little.
The housing market has stagnated in most areas of Tehran, and Narmak neighborhood in the east of Tehran is one of the neighborhoods that is in recession. Of course, the suggested rates announced by some owners and real estate consultants sometimes do not follow a certain region.
For example, today in Narmak neighborhood, a newly built 73-meter apartment is priced at 9.2 billion tomans, while another newly built apartment in the same neighborhood with an area of 100 meters is sold for 9 billion tomans. Meanwhile, the 100-meter unit has far more suitable conditions in terms of landscape and facilities compared to the 73-meter apartment.
This comparison can be a small indicator of the irregular pricing that some real estate agents encourage. Of course, the role of factors such as inflationary expectations, lack of newly built apartments, and market confusion caused by the lack of accurate estimation of economic conditions in these price conditions are not unaffected.
In this report, you can see the suggested housing rates in Narmak neighborhood.
In the current situation, due to the decrease in the price of currency, gold and cars, the housing market has reached price stability and transaction stagnation. Surveys show that the offered rates of apartments in Tehran have decreased a bit compared to two weeks ago, but the resistance of some owners may disrupt the decreasing trend.
According to real estate brokers, there are currently not many buyers and sellers in the housing market. But probably the continuation of economic stability will increase the hope for this market in the medium term.
Source: ISNA
