The average price of each square meter of a residential unit in Tehran stood at 100.6 million rials ($76.8) in the 11th Iranian month (Jan. 21-Feb. 19), showing a 3% rise compared with the preceding month and an 86% increase compared with the same month of last year.
The latest figures were released by the Planning and Housing Economy Office of the Ministry of Roads and Urban Development, HIBNA, the news portal of Bank Maskan, reported.
The data also show the number of home sales in Tehran increased by 40% in the same period compared with the preceding month to stand at 8,000 deals.
Home sales were down by 50% in the period compared with the same month of last year.
Bank Maskan, the state-run agent bank of housing sector, granted a total of 102,295 loans worth 43,080 billion rials ($362 million) during the first quarter of the current fiscal year (March 21-June 21), indicating an increase of 5.3% in the value of facilities year-on-year, an official with the bank said.
Indian spot steel prices sharply surge by INR 300-600/MT in a day on improved demand in finished steel products amid positive outlook. The sources have reported better response from the stockiest & end user segment.
Following the development of a process to generate lithium phosphate from waste materials, Lithium Australia (ASX: LIT) announced this week that its experts have now developed a technique for removing impurities from the lithium phosphate resulting in an exceptionally high-purity refined product.
Spot steel prices remain volatile following subdued trade activities in domestic market. As per participants, average movement in Semis products, while in finished products stocks have been rise with the mid sized mills.
Indian steel market observed limited trade activities, hence the Sponge iron & Billet prices remain slightly fell by INR 100-200/MT day-on-day in major markets.
In southern region of India, Bellary (Karnataka) sponge prices have inclined upto INR 900/MT (USD 13) in a week's time. Participants reported falling inventories amid less availability of raw materials which resulted in price hike in the market.