
Iran Focus
London, 1 Oct – In the past year, the average cost of buying a house in Tehran has jumped by a massive 74%, according to the Central Bank of Iran. In the past Iranian month (August 21-September 21) alone, residential unit prices have jumped by 9.4%.
The CBI reports that the one square meter of an average unit in Tehran is currently worth around 84,000,000 rials ($2,000, based on Iran’s artificial exchange rate, or $500, based on the global exchange). The latter figure is more relevant in this case, as sellers can’t get cheap dollars based on the government rate.


