Iran

Property for sale in Iran

Iran is an Islamic republic overlooking the Persian Gulf and boasts historic sites dating back to the Persian Empire. The modern capital of Teheran houses the opulent Golestan Palace, where the Qajar dynasty reigned, as well as more recent monuments such as the Milad Tower, 435 meters high.

It borders with Azerbaijan, Armenia and Turkey to the northwest, with the Caspian Sea to the north, with Turkmenistan to the north-east and east with Turkmenistan and Afghanistan, to the southeast with Pakistan and the Gulf of Oma , to the south with the Persian Gulf the Strait of Hormuz and finally with Iraq to the west.

Are you deciding to buy a property for sale in Iran?A 41% increase in average prices of properties for sale in Iran and in particular in Tehran left some residents, especially tenants, with no choice but to leave the capital for cheaper housing in suburban areas near Tehran .

The figures published by the Ministry of Roads and Urban Development reveal that 37,700 housing units were sold in the city of Tehran during the first quarter of the current Iranian tax year from 21 March to 21 June 2018 at an average price of 70 million IRR per square meter. A year-on-year comparison indicates 6% and 41% increase in the total number of home contracts and average prices, respectively.

It is believed that the prices of properties for sale in Iran are the key factor affecting rent in Tehran, explaining that the increase in rents cannot be lower than the growth in property prices on sale in Iran.

Over the past three months, over 53,000 people have moved from Tehran to Karaj City. In the first quarter of the Iranian fiscal year, the Karaj real estate market recorded a growth of 65% in home sales and an 18% increase in the average price of residential units.

New properties for sale in Iran and easier transport links, including highways and suburban railways connected to the Teheran metro network, have attracted homebuyers in the city.