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  • 09-06-21

    Housing price in Tehran city decreases 2 percent in 2nd months of 2021

    (MENAFN)The deputy transport and urban development minister stated that housing price in Tehran city declined two percent in the second month of the current Iranian year from its last month.

    “Following the analysis of prices in different areas of the capital, we see that in some areas of Tehran, we had a 16-percent reduction in prices last month,” Mahmoud Mahmoudi further stated.

    “The price analysis in the first month of this year also indicates the increase of prices in five districts of Tehran and the decrease of prices in 17 districts of the capital, which was repeated in the second month,” the official added, referring to the three-percent decline in the housing price in Tehran city in the first month of this year.

    He estimated that if the dealers could be removed of the housing market as balancing supply and demand in the current executive plans, housing prices would decrease and stabilize.

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