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The increase in housing prices boosted the average rate transaction market – Tejaratnews

According to Tejarat News, the statistics available in the housing market last month show that units with a price of 30 to 35 million Tomans accounted for half of the sales.

Although according to Central Bank statistics, the average housing price per square meter in Tehran has reached 48 million Tomans, statistics show that 52% of housing transactions in December 1401 are related to apartments with a price level of less than 45 million Tomans per square meter. The first place in terms of price per square meter belongs to apartments with a price of 30 to 35 million tomans, which account for 11.6% of all transactions.

Houses with a price of 35 to 40 million tomans per square meter are in the second place with a share of 10.5%, and the third place is related to units with a price of 25 to 30 million tomans per square meter with 10.3% of all transactions. In fact, one third of all transactions belong to apartments at the price level of 25 to 40 million tomans per square meter.

The effect of the increase in housing prices on the amount of transactions

Meanwhile, the average price of each square meter of housing in Tehran, according to the Central Bank’s December 1401 statistics, has reached 48 million tomans per square meter.

The frequency distribution chart of the number of transactions in terms of price per square meter published by the Central Bank shows that as rates increase, the level of transactions decreases; So that apartments with a price level of 95 to 100 million tomans per square meter account for only 0.9% of sales contracts. 4.6% of all transactions belong to apartments of more than 100 million tomans.

In terms of the level of infrastructure, 50-60 meter apartments occupied the first place in Tehran’s November transactions with 15.3%. 60-70 meter units came in second place with 14.8%, and 40-50 meter houses took third place with a 10.6% share of all transactions.

Regarding the value of each residential unit, units of 1.5 to 2 billion Tomans took the first place in transactions, which included 13.6% of all contracts. Units worth 1 to 1.5 million tomans took the second place with 12.2 percent, and apartments 2 to 2.5 billion tomans took the third place, which included 9.8 percent of transactions.

The six cheapest areas of the housing market in Tehran are 18, 19, 16, 20, 17 and 15, and the average price of each meter of housing in these areas is less than 29 million tomans per square meter. Meanwhile, district 18 is considered the cheapest district in the Tehran housing market with a price of 24.4 million tomans.

Source:ISNA

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