What is the price of housing in a city?

According to Tejaratnews, real estate agents operating in Tehran’s District 20, in the “Shahrari” area, say that the number of apartments for sale entrusted to them is very small and in some passages. According to this group of property market activists, Shahrari is experiencing the coldest days of the housing market during at least the last year.

An examination of the transaction situation and housing prices in this area also confirms such a statement, as the number of housing transactions in this area, which is one of the three cheapest areas in Tehran, was 68 last month.

Meanwhile, in the same month of last year, 114 sales transactions were registered in this region. The average price of housing in Shahreri and surrounding neighborhoods during recent transactions has been 150 million and 820 thousand tomans, which is an increase of 218 percent compared to October last year.

Field research indicates that most of the sales files available in the housing market of District 20, especially in Dolatabad and Shahrari neighborhoods, are residential units that have been purchased for investment purposes in recent years, and now capital buyers are renting out or renting units for sale. Have offered.

At the same time, despite the fact that yesterday’s investors are today’s sellers in District 20, due to the low share of capital purchases in this area, the number of sales files in the urban housing market is very small.

Source: the world of economy