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.
After two years of negotiations, a preferential trade agreement was signed between Iran and Eurasian Economic Union. Based on this agreement, Iranian customs tariffs which were previously set at 19% will be reduced to 7.7%. […]
More fish to be exported In a visit to Dezful, the Head of Iran Fisheries Organization, Hasan Salehi said: “For the Iranian fiscal year 1400 (2021) we aim to export fishery products worth 900 million […]