SCI Reviews Changes in Iran’s Q4 Land, Home, Rent Prices
Land, home and rent prices in Iran went up by 121.9%, 59.8% and 19.2% in winter year-on-year respectively
SCI Reviews Changes in Iran’s Q4 Land, Home, Rent Prices SCI Reviews Changes in Iran’s Q4 Land, Home, Rent Prices
T he Statistical Center of Iran has published a new report on home and land prices, in addition to rents, showing all have increased significantly across the country during the fourth quarter of the last Iranian year (December 22, 2018-March 20).
According to the report, published on the website of SCI, the average price of each square meter of land (vacant) or land of a rundown residential property (such that only its underlying land is useful for construction) in Iran went up by 121.9% in Q4 compared with the corresponding period of the year before. Prices increased by 36.6% compared with Q3 of fiscal 2018-19.
The minimum price of each square meter of land or land of a rundown property in the country stood at 502,000 rials ($3.7) while the maximum was at 638.4 million rials ($4,746), bringing the average to 28.65 million rials ($213).