Iran's housing market remains stagnant in Mordad; Tehran deals fall below 3,000 units a month

According to an ISNA report carried by Khabaronline on Thursday, August 6, 2026 (15 Mordad 1405), Iran's housing market remained stuck in a transaction slump through the first half of Mordad, with weaker household purchasing power and uncertainty over future prices. While no official transaction volume has been published, the number of property deals in Tehran is said to have fallen below 3,000 a month. Goudarzi, head of the Tehran Real Estate Consultants Union, said most current demand is for owner-occupier use, with buyers gravitating toward smaller units, while investment purchases have declined for lack of a clear return outlook. He said rising asking prices from some sellers do not necessarily translate into completed sales, and that some owners have offered discounts to raise cash. The latest Statistical Center of Iran report for Tir 1405 shows rents rose 32 percent over the past year, while monthly housing, water, electricity and gas costs rose 2.8 percent, slightly below the 3.1 percent monthly headline inflation rate. Tehran's permitted rent-increase ceiling for 1405 is set at 27 percent.