INSUBCONTINENT EXCLUSIVE:
TEHRAN- Average housing price rose 8.3 percent in the capital Tehran during the fourth Iranian calendar month Tir (ended on July 22),
compared to its previous month, according to a report by Statistical Center of Iran (SCI).Based on the SCI data, the average price for one
square meter of a residential unit in Tehran stood at 448 million rials (about $1,611) during the mentioned month.The average housing price
in the said month also increased 27.1 percent in comparison to the same month in the previous year.As reported, the number of real estate
deals stood at 8,685 in the capital city in the fourth month of this year.As previously reported by Central Bank of Iran (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 $1,263) 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 various
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
conditions.The deputy transport and urban development minister has recently announced that the first phase of National Housing Movement will
be inaugurated in the next Iranian calendar month Shahrivar (begins on August 23).Mahmoud Mahmoudzadeh made the remarks while also
announcing the supply of 90 percent of the required land.Based on the planning, in the first stage, about 100,000 units will be delivered to
the people who participated in the project earlier and deposited their initial contribution, he stated.The projects will be inaugurated in
many provinces including Yazd, Kerman, and South Khorasan, the official said.MA/MA
