The price of housing in Tehran has grown by 30% compared with last year, and the western part of Tehran, especially small apartments have seen the largest growth. Shahrvand writes that the price of construction material has seen a similar growth which has increased construction costs. Estimates show that last year the cost of construction was on average 12 million IRRs. This year, the cost has risen to 16 to 17 million IRRs (381 USD). The reduction of banking profits is among the reasons pushing investors towards the real estate market. Shahrvand writes that 80% of wealth in Iran is dedicated to housing and commercial real estate.
Taadol newspaper has written an article evaluating noise pollution in Tehran. The most important source of noise pollution is transportation vehicles, and among them motorcycles have the greatest share of noise. Elham Karimi, a specialist […]
Iron ore to be offered on Iran Mercantile Exchange from the end of January. From February 2017, local iron ore producers can use Mercantile Exchange instruments such as futures and forward contracts to sell their […]