Property for sale in Tehran

As Iran's economy is buffeted by inflation, the country's homeowners are fast becoming richer in a real estate bubble that is driving affordable housing beyond the reach of ordinary citizens. Get more information on property for sale in Iran.

Views on the Tehran real estate :

With the housing market of Iran's arch-foe America facing trouble, prices in Tehran's affluent suburbs have gone up by at least 10 million rials (more than 1,000 dollars) per square metre over three months.

Property prices there compete with upmarket neighbourhoods in Paris at a range of 60 to 100 million rials per square metre (6,500 to 10,700 dollars).

You have to spend at least a million dollars to buy an apartment in northern Tehran where the average property for sale is 200 square metres.

With a stagnant stock market and a hesitant industry, property for sale remains a privileged means to absorb liquidity, which has been flowing into the economy through windfall oil earnings.

Facilities such as swimming pools, sauna, jacuzzi and health clubs have become a usual feature in newly-built upmarket homes in a bid to lure wealthier buyers.

The housing boom is not confined to the hot uptown market. Average neighbourhoods in the capital, as well as in Iran's other large cities, have been affected.

Prices have doubled within a few months in satellite town of Parand and Hashtgerd, 50 kilometres (30 miles) from Tehran, while in Isfahan, Mashhad and Tabriz property for sale values have doubled in a year.