INSUBCONTINENT EXCLUSIVE:
TEHRAN- Central Bank of Iran (CBI) has announced that the rental price has increased 46.5 percent in Tehran city during the third Iranian
calendar month Khordad (ended on June 21), as compared to the same month in the past year.According to the CBI, the rental price has also
risen 2.7 percent in Tehran city in the third moth from the second month.The CBI has also announced that the average housing price has
increased 8.4 percent in the capital Tehran during the third month, from its previous month, and 32.8 percent from the same month of the
past year.Based on the CBI data, the average price for one square meter of a residential unit in Tehran stood at 394.14 million rials (about
$1,313) during the mentioned month.As reported, the number of real estate deals stood at 13,900 in the capital city in the third month of
this year, rising 32.3 percent from the previous month, and 171.9 percent from the same month of the past year.As previously reported by the
CBI, the average housing price rose 16 percent in the capital Tehran during the last month of the past Iranian calendar year 1400 (ended on
March 20), compared to the same month in the preceding year.Based on the CBI data, the average price for one square meter of a residential
unit in Tehran stood at 351.2 million rials (about $1,170) during the last month of the past year, up 6.2 from its previous month, and 16
percent from the same month of the preceding year.Housing prices in Iran have been constantly rising over the past three years due to
lower housing prices; this condition will continue in the country for the next two years, and we will see a continuous decrease in housing
month Farvardin (ended on April 20), and said: "The government is trying to compensate the housing shortage in the country with the National
shortage of about 720,000 housing units in the country, adding: "Every year, dilapidated apartments are added to this number, therefore, the
current government intends to compensate for the housing deficit by recognizing this shortage and implementation of National Housing
National Housing will control the uncontrolled growth of housing prices, he further predicted.In early June, transport and urban development
minister said that 1.35 million units of National Housing Movement are currently under construction throughout the country and the number is
increasing every day.Making the remarks in a ceremony to break the ground for starting the construction operation of 15,000 units of
low-income classes.The operation for the construction of 209,212 residential units of National Housing Movement began in early
February.National Housing Movement to construct four million housing units in four years is one of the major plans of the current government
in the housing sector.According to the plan, out of these four million residential units, 3.2 million units will be constructed in cities
and 800,000 units in villages, some of these units are currently being constructed after providing lands and preparing the necessary
