The state-run Etemad Online website reported on Saturday, March 15, regarding the real estate market in Iran’s capital, stating: “Field observations and a review of listed advertisements on websites show that the average price per square meter of housing in various areas of Tehran has surpassed 1.03 billion rials (approximately 1,084 dollars).”
The report, noting that “in recent months, Tehran’s housing market has witnessed a significant price increase,” states that “the average housing price in Tehran, based on listings on real estate platforms, rose from approximately 950 million rials in September 2024 to 990 million rials by November, 1.01 billion rials by January 2025, and 1.03 billion rials by February.”
Previously, economist Farshad Momeni had stated: “Housing prices have increased by approximately 1,700 percent from March 2019 to August 2024.”
Etemad Online, emphasizing that these figures “are in stark contrast with the purchasing power of Tehran’s residents,” added: “The rise in housing prices in Tehran has made access to housing more difficult for many families, particularly the middle and low-income classes. This issue could lead to increased social inequality and a decline in overall public welfare.”
According to the report, rising housing costs could also negatively impact other economic sectors, as families allocate a larger portion of their income to housing expenses, leading to reduced spending in other areas.
The website noted: “Given the current conditions and the instability in financial markets, it is predicted that housing prices in Tehran will continue to fluctuate.”
Previously, housing market expert Mahmoud Olad told the regime’s Khabaronline website: “On average, the waiting time to purchase an ordinary home has reached up to 35 years, which is a terrifying figure.”
He added: “This means that in some cases, it takes two generations of work to become homeowners.”
The latest official statistics show that from 2016 to 2022, more than 48 percent of renters in Iran have fallen below the poverty line.
Additionally, according to statistics, the population living below the poverty line in Iran reached over 33 percent at the beginning of 2023. Many experts believe that, considering the inflation of the past two years, the rising exchange rates, and the further depreciation of the national currency, the percentage of the impoverished population has now exceeded 50 percent.
