TEHRAN- Average housing price declined 0.6 percent in the capital Tehran during the sixth Iranian calendar month Shahrivar (ended on September 22), compared to the previous month, according to a report by the country’s Transport and Urban Development Ministry.

Based on the ministry data, the biggest decrease in housing prices was related to regions 22, 18 and 13, in which the prices decreased by 11.8 percent, 9.7 percent and 9.4 percent, respectively, Fars News Agency reported.

Experts believe that the housing market has entered a long-term stagnation and the prices are not expected to change drastically anytime soon.

EF/MA