SCI: Average housing cost reaches USD1,489 per sq.m. in Tehr...| MENAFN.COM

Friday, 12 August 2022 10:00 GMT

SCI: Average housing cost reaches USD1,489 per sq.m. in Tehran city


(MENAFN) The Statistical hub of Iran put the average price for one square meter of a housing unit in Tehran city at 414 million rials (around USD1,489) in the third Iranian calendar month Khordad (ended on June 21).

The Central Bank of Iran (CBI) had earlier put the number at 394.14 million rials (nearly USD1,417) in the stated month, which was 8.4 percent more than the number in the second month.

Although, in early May, the chairman of Real Estate Agencies Union stated that “This year is the year of lower housing prices; this condition will continue in the country for the next two years, and we will see a continuous decrease in housing prices”.

Mostafa Qoli Khosravi talked about a report issued by Central Bank of Iran in terms of housing worth in the initial Iranian calendar month Farvardin (ended on April 20), and stated that "The government is trying to compensate the housing shortage in the country with the National Housing Movement plan, and this plan is being prepared and implemented in several urban and rural areas”.

He stated that there is presently deficiency of around 720,000 housing units in the nation, also stating that "Every year, dilapidated apartments are added to this number, therefore, the current government intends to compensate for the housing deficit by recognizing this shortage and implementation of National Housing Movement.”

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