Housing price in Tehran City has fallen 2.8 percent in the past Iranian calendar month of Shahrivar (ends on September 22) from its previous month, IRNA reported, citing the data release by Central Bank of Iran (CBI).

The number of real estate deals in Tehran City fell 73.7 percent in the fifth Iranian calendar month of Mordad (July 23-August 22), compared to the same month in the past year, Tasnim news agency reported citing the data released by Ministry of Transport and Urban Development.

Iranian President Hassan Rouhani officially launched the government’s National Action Plan for Construction and Supply of Housing on Tuesday, inaugurating a project for constructing 110,000 affordable housing units.

Construction of 150,000 housing units will begin on August 20 in a ceremony to be attended by Iranian President Hassan Rouhani, said a deputy minister.

The number of construction permits issued in Iran decreased during the third quarter of the last fiscal year that ended on Dec. 21, 2018, compared with the preceding quarter (ended Sept. 22, 2018), the Statistical Center of Iran's latest report showed.