Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Tehran Building Construction Hits Record High, Donya Reports

Don't Miss Out —
Follow us on:

June 19 (Bloomberg) -- Construction of residential housing units in Tehran increased by 53 percent to a record high in the last Iranian year, Donya-e-Eqtesad reported.

Some 229,000 residential units were built in the Iranian capital in the year ending on March 19, the Tehran-based newspaper reported. The last time the city’s housing market recorded such a boom was five years ago where the number of housing units reached an annual 183,000, the paper reported, without citing anyone.

Last year’s boom in construction will increase Tehran’s housing capacity by 10 percent, the report said.

To contact the reporter on this story: Ladane Nasseri in Dubai at lnasseri@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.