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2 clusters · 2 sources · 14 days · First seen · Last updated

Tehran housing market affordability crisis

Overview

The housing market in Tehran is experiencing extreme price surges and a widening gap between property costs and household income. In luxury districts such as Aghdasieh, Elahiyeh, Tajrish, Vanak, and Pasdaran, real estate valuations have reached unprecedented levels. Some luxury projects have seen prices exceed 2.5 billion tomans per square meter, with some advertisements even incorporating US dollar rates.

This inflation has created a severe affordability crisis for both renters and buyers. In certain districts, monthly rents and required deposits have reached record highs. Experts note that the disparity between wages and housing costs is so significant that, based on current market rates, it could take between 116 and 133 years for a worker earning the minimum wage to afford an 80-square-meter apartment, a timeline that exceeds the national life expectancy.

Entities

Tehran · Farshid Ilati · Aghdasieh · Elahiyeh

Timeline

  1. 11 days ago

    [BUSINESS] 2 sources
    Tehran housing market faces extreme rental and purchase affordability crisis

    Tehran's housing market shows severe affordability gaps, with luxury rentals in districts like Tajrish reaching record highs and purchasing an 80m² apartment estimated to take over a century of savings.

  2. 24 days ago

    [BUSINESS] 2 sources
    Tehran luxury real estate prices reach 2.5 billion tomans per square meter

    Luxury real estate prices in northern Tehran, specifically in Aghdasieh and Elahiyeh, have reached up to 2.5 billion tomans per square meter, with some properties valued in the trillions.

Sources

etemadonline.com · rokna.net