Iran, Property Market Snapshot, Winter 2016
Interestingly, according to the Statistical Centre of Iran, the total value of all investment into urban real estate, including all project construction costs, stood at just over 750 trillion riyals (~£17.8 billion)
during 2015. To give this context, a total of £62 billion was invested in UK commercial real estate just from international buyers and investors last year.
It stands to reason that the figure is significantly lower in Iran given that sanctions have hampered foreign direct investment.