What is the average housing price?
In the 12 months ending January 2017, the average housing price in Tehran has increased by 3.1 percent per month.
According to the economic observation report, housing market developments in Tehran from February 2016 to January 2017 show the average growth of average housing prices from month to month for a period of 12 months leading to January of this year in Tehran 3.1% Has been growth. In this period, the average housing price in May 2009 has experienced the highest growth of 11.4 percent and in September the lowest growth of -5.5.
This statistic provided by the Housing Economics Office of the Ministry of Roads and Urban Development also shows that the average 12-month growth rate of housing prices in Tehran up to January 2017 was about 5.5 percent. Also, the value of transactions in January was 11 thousand and 920 billion tomans, which shows a growth of 111 percent compared to the same month last year.
Among the 22 districts of Tehran, District 1 with 30 million and 22 thousand Tomans per square meter had the highest and District 18 with 6 million and 490 thousand Tomans had the lowest average price.
The report also states that areas 1, 3, 2, 6, 5 and 4 are areas where the average housing price has been higher than the average in Tehran, respectively.
The highest average growth of housing prices in January 2009 compared to the same month of the previous year belonged to region 16 by 68% and the lowest growth rate occurred in region 1 by 31%.
On the other hand, the study of the average housing price based on different areas of residential units shows that prices in January of this year have increased in all periods and residential units with an area of less than 40 square meters have the highest price growth of 51.6% and Units with an area of 160 to 180 square meters have experienced the lowest price growth of 26.2 percent compared to the same month last year.
It should be noted that in January 2017, the total number of housing transactions in Tehran reached 10.9 thousand units, which compared to the previous month has increased by 12.4% compared to the same month last year by 58.2%.
Also, the average price of housing in Tehran in January of this year was 13.8 million tomans per square meter, which has increased by 3% compared to the previous month and 42% compared to the same month last year.
Source: ISNA
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