Average Housing Price in Tehran Exceeds 87 Million Tomans

According to the Central Bank of the Islamic Republic, the average housing price in Tehran reached 87 million and 400 thousand tomans per square meter in July of this year. The latest report from the Central Bank indicates that housing prices recorded a 1.8% increase compared to the previous month. While the Central Bank announced the monthly inflation rate for housing in July as 1.8%, the Statistical Center had previously reported it as 2.9%. Some experts believe that the Central Bank has considerations in preparing statistics and publishes economic data with specific intentions. Relying on this statistical approach among government agencies, experts and market actors believe that the current average housing price in Tehran has surpassed 90 million tomans. The increase in housing prices in Iran has led to a 'housing crisis,' with a significant portion of lower-income deciles losing access to housing. In this regard, the Research Center of the Parliament, as a research arm of the Parliament and an entity affiliated with the government, pointed to the increase in the number of deciles excluded from the housing market, stating that deciles one to three are absolutely unable, and deciles three to five and even part of the sixth decile are 'relatively' unable to secure the housing they need for living. The Central Bank of Iran: the average housing price in Tehran has reached 82 million tomans. Housing loans and deposits have increased, landlords have raised rents by 50%, and there has been an increase in advertisements from landlords seeking 'roommates' to cover housing costs.