What is the "fixed price" of housing? The new "heat map" of the apartment market of 22 areas Housing Market Watch: ◀ Every Friday morning, from this Telegram channel, Housing Market Watch, a new heat map of apartment prices in 22 districts in Tehran is published and analyzes the market of the last week. ◀ This Friday's report has an appendix, which is the average "fixed price" of housing in October. The heat map shows the average "offer price" of the sellers, which is always higher than the "fixed price" or the same price that becomes the agreed figure for the transaction after the sellers' price is published. The average "fixed price" of housing in Tehran, in October it reached 230 million tomans per square meter. Last month, the average "recommended price" was 246 million tomans per square meter. The difference between these two price levels reached 7%; The distance is smaller than the price difference of the previous months which was over 10%. The decrease in the distance between the selling price and the final price shows the "severity of inflationary expectations" in the real estate market. The buyers almost accepted the new prices that were announced because they probably consider the relative value of the apartment suitable for buying compared to, for example, the dollar. At the same time, reducing the scope of the sales portfolio compared to the amount of demand in the housing market in Tehran can also provide a basis for accepting a transaction at a price close to the selling price. But the new thermal map... ◀ The average "offered price" is the same as last week this map.
It reached 265 million tomans per square meter. The sellers' prices this week are about 7% higher than the prices offered in October. Meanwhile, more prices also grew by 11% compared to September. Retention of buyers ◀ In some areas of Tehran, the number of apartment sales is so low that real estate brokers report "names of buyers coming to the company". The highest volume of housing transactions in Maher ◀ Last month, 2,600 housing units were bought and sold in Tehran. This transaction volume shows a growth of 13% from apartment buyers compared to September. The increase in sales is the result of the arrival of people who converted properties.