Which houses in Tehran are below price?

According to Tejarat News, the return of some sanctions exemptions did not affect the housing market, and unlike the car and foreign exchange markets, which faced a decline, homeowners did not lower housing prices, but due to the stability of this market, which was created about a year ago, sub-price units can be purchased. کرد.

The housing market in Iran has not yet reacted to the announcement of the US decision to reinstate some of the sanctions exemptions imposed by Trump. Housing market participants say promising news about the nuclear negotiation process has had little effect on house prices due to the market’s slowness. In addition, the variables affecting the real estate market, such as the price of construction inputs, wage rates, municipal toll rates, taxes, etc., have not only not decreased, but have had an upward trend over the past year.

The price has not gone up, nor has it gone down

In recent weeks, under the influence of the core negotiations, the foreign exchange, gold, stock exchanges and automobile markets have been accompanied by stagnation and stability. The housing market in Tehran is a bit hot and for this reason the power of sellers has been strengthened to some extent. Real estate agents report a shortage of units less than five years old and under-priced files. Prices have not increased but have not decreased.

However, low-cost apartments can still be bought in the current semi-stagnant market. Some sellers for some reason offer their homes less than the local custom. Real estate consultants say they usually find a client for lower priced files. These homes are sometimes sold for less than a week.

Housing prices in different neighborhoods

For example, in the West Tehranpars neighborhood, where the average bid price is 35.5 million Tomans, a 54-meter apartment built 10 years ago has an elevator and storage at a price of 25.3 million Tomans per square meter. The final price of this building is one billion and 370 million tomans. Of course, despite the fact that the average bid rates in West Tehranpars are 35.5 million Tomans per square meter, according to the Central Bank, in January 1400, the average price per house in District 8, which also includes part of Tehranpars neighborhood, is 29 million Tomans. .

In another advertisement, a 65-meter 9-year-old apartment built in the Punak neighborhood in the west of Tehran with full facilities, including elevators, parking and storage, will be sold at a price of 28.4 million Tomans per square meter. The total price of this house is one billion and 850 million tomans. The average bid price of housing in Punak neighborhood is set at 44.5 million Tomans, and the average transaction rate in this area was announced at 40.7 million Tomans per square meter, according to January statistics.

A 79-meter apartment built in 5 years with an elevator, parking lot and balcony in Niavaran neighborhood, located in area one, is for sale at a price of 48 million Tomans per meter and a total price of 3 billion and 800 million Tomans. Meanwhile, the average bid rate per meter of house in Niavaran neighborhood is 76 million Tomans per square meter in advertisements. According to the statistics of January of this year, the average final prices of region one were announced as 70 million Tomans. With these descriptions, the mentioned unit is sold for 22 million Tomans per meter less than the average price of the region and 28 million Tomans per meter lower than the average offered rates.

Relative calm in Tehran housing market

The housing market of Tehran has reached a relative calm since December of last year, and in January 1400, the annual increase in prices was announced by 20%. Price stability in the housing market was created in a situation where transactions increased slightly in the last two months. Part of the demand seems to have entered the housing market with the aim of protecting capital against possible future inflation.

Taking into account the general inflation of January 1400, which was announced at 42%, a 20% increase in housing prices means a 22% decrease in real housing prices. In 1401, there is a possibility that this market will survive more than general inflation. However, it is natural for entry into the housing market to occur at a time when the annual price growth rate is in line with general inflation. Of course, market participants, including Mostafa Gholi Khosravi, president of the Union of Real Estate Advisors, believe that housing is a safe asset that acts as a shield against inflation.

Better situation of real estate transactions compared to competitors

However, in the first 15 days of February, 1,400 real estate markets are in a better position than currency, gold and cars. Although not much different from January, the number of capital transactions in the capital grew by about 10,000 per month compared to the first half of the year, but is still far from normal. Real estate consultants do not find this volume of transactions satisfactory.

The study of the two regions of west and east of Tehran as high-demand areas in the housing market of Tehran shows the price resistance to decrease. Some real estate agents even show a slight increase compared to previous weeks. One of the reasons for the low price is due to the lack of quality files. Real estate consultants say most of the files in real estate offices are old units with no full features, and new units sell better.

One of the real estate consultants in Tehranpars region said: the traditional thinking about the value of property and buildings has caused a relative increase in transactions. However, the price of currency and gold has remained stable. That’s why some people have stray funds. I think these are less than 10% who have come to the housing market to maintain the value of their assets.

Significant slowdown in housing price growth

On the other hand, reports show that the growth rate of housing prices has slowed down significantly. Over the past three months, the monthly growth rate of housing prices in Tehran was gradually 1.2 percent, 1.8 percent and 1.1 percent, and its annual growth reached 20 percent. While the annual price increase rate in January of the last three years was 91%, 41% and 99%, respectively. However, despite the fact that the yield of the housing market in the past year was about 20%, this figure is 8% for the foreign exchange market and 4.2% for coins. This was one of the main reasons why some people were reluctant to buy real estate.

The average house price in Tehran is 32.9 million tomans

Therefore, according to the Central Bank, in January 1400, the average price of one square meter of housing in Tehran was 32 million and 940 thousand tomans. Compared to the previous month and the same period last year, it increased by 1.1 and 20.3%, respectively. The number of transactions in this month was 9816. Compared to the previous month and compared to the same month in the previous year, it shows an increase of 0.5 and 179 percent, respectively.

Source: ایسنا