The real estate market in Iran capital, Tehran, is experiencing a significant recession due to Covid-19.
According to the latest report by the Ministry of Road and Urban Development, the number of sales in the first month of the new Iranian fiscal year, Farvardin 1399, has gone down by 87% with respect to a month before it, i.e. Esfand 1398.
According to this report, the average price for one square-meter apartment in Tehran is 155 million rials, which shows an increase of 36% compared to the same period a year ago.
Related topic: Tax revenue from houses in the next year budget
