TEHRAN- The number of real estate deals in Iran has dropped 52 percent in the first month of the current Iranian calendar year, Farvardin (ended on April 19), compared to the same month in the past year, ISNA reported.

As reported, the number of deals has also fallen 70 percent to 1,250 in the capital city, Tehran, during the mentioned month.

The number of real estate deals in the country had fallen 70 percent in the last month of the past Iranian calendar year, Esfand (ended on March 19), which was the highest drop that this sector has experienced over the past three years, according to Hesam Oqbaei, the vice-chairman of Iranian Real Estate Agencies.

MA/MA