25% jump in rent in north of Tehran; How much is the house mortgage?
Examining the rent files shows that the rate of increase in the proposed rent in the northern areas of Tehran during the last month has been much higher than in other areas of the capital. This trend can indicate the lower resistance of the owners of these areas to the increase in the offered prices.
The proposed rental price of 10 to 25 year old apartments in Tehran's districts 1 and 3 has increased by 25% over the past month. A growth that indicates a faster increase in rent in the luxury areas of the north of the capital compared to other parts of the city.
On Thursday, 23 Mehr 1405, the average rent price of residential units in areas 1 and 3 of Tehran has reached about 124 million Tomans per month. The average deposit requested by the owners is estimated to be around five billion and 904 million tomans.
These figures are related to residential units with a building age of 10 to 25 years, and the monthly comparison has been made considering the same age group.
Rent increase in North Tehran faster than other areas
Examining the rent files shows that the rate of increase in the proposed rent in the northern areas of Tehran during the last month has been much higher than in other areas of the capital. This trend can indicate the lower resistance of the owners of these areas to the increase in the offered prices.
At the same time, the method of determining the rent in the north of Tehran is still based on receiving heavy deposits. Many landlords prefer to apply the bulk of their target increase through a cash advance rather than a monthly rent increase.
According to the published data, the monthly rent remained almost constant compared to last month, but the amount of the deposit increased by about two billion tomans. In this way, the pressure of rent increase in these areas is seen in the amount of initial capital required by the tenants rather than in the monthly amount.
How much is the rent of an apartment in Niavaran, Elahia and Velanjak?
The proposed rental files in the northern neighborhoods of Tehran are significantly different from each other. The location of the neighborhood, the specifications of the unit and the terms of the contract are among the factors that play a role in determining the amount proposed by the owners.
Some of the examples published in the rental files on Thursday 23 Mehr are as follows:
Niavaran: 15-year-old apartment with 90 million tomans monthly rent and 3 billion tomans deposit.
Elahia: 16-year-old apartment with 200 million tomans monthly rent and two billion tomans deposit.
Velenjak: 20-year-old apartment with 160 million tomans monthly rent and 2.5 billion tomans deposit.
Mirdamad: 20 year old apartment with 75 million tomans monthly rent and 3 billion tomans deposit.
Pasdaran: 15-year-old apartment with 45 million tomans monthly rent and 3 billion tomans deposit.
The suggested figures show that renting a residential unit in the northern neighborhoods of Tehran, in addition to monthly payments of tens or even hundreds of millions of Tomans, requires an initial capital of several billions.
However, it should be noted that these figures are related to the prices offered by the owners and do not necessarily mean the final amount of the concluded contracts. Therefore, to accurately assess the situation of the rental market, it is necessary to distinguish between the prices of the supplied files and the actual transaction amounts.