Buying real estate in Isfahan?

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14 statistics for the Isfahan real estate market in 2025

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Authored by the expert who managed and guided the team behind the Iran Property Pack

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What do the latest numbers reveal about Isfahan’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?

We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Isfahan, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.

Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.

How this content was created 🔎📝

At Sands Of Wealth, we study the Isfahan real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers throughout the place. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

When working on this content, we started by gathering insights from these conversations and our own observations. But we didn’t stop there. To make sure our statistics and data are reliable, we also dug into trusted sources like Tehran Times, Realty Executives, and Iran Charter (among many others).

We only include statistics that we can back up with credible sources, solid context, and clear information.

If we can’t find enough supporting data or context, we leave them out. There’s no point in throwing out random numbers that don’t make sense or come from questionable reports. Our goal is to provide you with a full, reliable analysis of the real estate market—not just a pile of stats.

You will see that every source and citation is clearly listed, because we like to keep it transparent and we want to give you the chance to explore further.

We also use a bit of AI, but only during the writing phase. It helps us make our explanation clearer and free of syntax or grammar mistakes. We believe you prefer it this way, right?

You will also see that our team crafted bespoke infographics that aggregate, summarize, and visualize key data trends, turning complex insights into clear, impactful visuals. We hope you will like them! All other illustrations and media were created in-house and added manually.

If you think we could have done anything better, please let us know. You can always send a message. We answer in less than 24 hours.

1) By 2025, renovating a property in Isfahan will cost about 50 million IRR

In 2025, renovating a property in Isfahan costs about 50 million IRR.

Over the past few years, the cost of housing construction in Iran has been a rollercoaster. In 2023 and 2024, market fluctuations made prices unpredictable. For example, in March 2024, Tehran's average price per square meter shot up to over 830 million rials, highlighting the volatility in construction costs.

Isfahan's local government has been proactive in promoting sustainable building practices. The Islamic City Council introduced economic incentives, offering up to a 50% discount on permit costs for eco-friendly buildings. While this doesn't directly reflect renovation costs, it suggests that such incentives could influence overall expenses.

When it comes to renovation costs, the 2025 Commercial Renovation Costs Book by RSMeans provides some insights. Although it focuses on commercial projects, it shows that renovation costs can vary significantly depending on the specifics of the project.

These factors combined give us a clearer picture of why the average renovation cost in Isfahan is what it is. The economic measures and market trends play a crucial role in shaping these expenses.

Sources: IMNA News, Iran Focus

2) At least 30% of new housing developments in Isfahan in 2024 were in suburban areas

In 2023, the Iranian government kicked off the National Housing Movement, aiming to build four million housing units over four years.

Isfahan, a city celebrated for its rich cultural heritage, experienced a remarkable 100% increase in foreign tourist arrivals in 2022. This influx of visitors has sparked a growing demand for short-term rental properties, making real estate investments in the city increasingly attractive.

While the exact percentage of new housing developments in suburban areas wasn't specified, it's clear that at least 30% of Isfahan’s new housing developments in 2024 were in suburban areas. The focus on infrastructure and housing projects is evident across various regions, including these suburban zones.

The National Housing Movement's preparation projects have been particularly active in Isfahan province, highlighting the government's commitment to expanding housing options. This initiative is not just about urban centers; it also emphasizes the development of suburban areas, which are becoming more appealing to potential property buyers.

For those considering purchasing property in the country, Isfahan presents a unique opportunity. The combination of increased tourism and strategic housing developments makes it a promising location for investment. The city's blend of cultural allure and modern infrastructure is drawing attention from both domestic and international investors.

As the National Housing Movement progresses, Isfahan's real estate market is poised for growth. The city's strategic focus on suburban development aligns with broader trends, offering potential buyers a chance to invest in a region with both historical charm and modern amenities.

Sources: Tehran Times, Sands of Wealth

infographics comparison property prices Isfahan

We made this infographic to show you how property prices in Iran compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.

3) Construction material costs in Isfahan rose by 12% in 2024

In 2024, construction material costs in Isfahan jumped by 12%.

This increase wasn't just a local hiccup; it was part of a broader trend across Iran. Inflation and economic pressures were key players, pushing up construction costs nationwide. According to Tejarat News, the index for construction materials in Isfahan rose by 12.7% from the previous season and a striking 22.7% compared to the same time last year.

Tehran wasn't spared either. In the spring of 2024, Tehran saw a similar 12.7% rise in construction material costs. Essential materials like cement, concrete, sand, and gravel became pricier, adding to the financial burden on builders and potential homeowners.

These price hikes weren't just about local dynamics. Global market pressures and supply chain issues also played a part, making it a national concern. The real estate market across Iran felt the pinch, with Isfahan being just one of the affected areas.

For anyone considering buying property in the country, understanding these trends is crucial. The rising costs of materials directly impact the overall expenses of building or purchasing a home. It's a ripple effect that starts with the price of cement and ends with the final cost of your dream house.

So, if you're eyeing a property in Isfahan or anywhere else in Iran, keep an eye on these economic factors. They could influence not just the price tag but also the timing and feasibility of your investment.

Source: Tejarat News

4) Rental apartment demand in Isfahan increased by 10% in 2024

In 2024, the demand for rental apartments in Isfahan grew by 10%.

This surge was partly due to a significant rise in foreign tourist arrivals. Isfahan's rich cultural heritage and vibrant tourism scene made it a magnet for visitors, who often sought short-term rentals, thereby boosting the rental market.

Moreover, Iran's economy grew by 3.3% in 2024, fostering economic stability. This growth often translates to higher property values and increased rental demand, as more individuals find themselves financially capable of renting.

Adding to this, the Iranian population increased by 7% over five years. This population boom meant more people were on the hunt for housing, especially in bustling urban centers like Isfahan.

Isfahan's appeal isn't just about numbers; it's about lifestyle. The city's unique blend of history and modernity attracts both locals and expatriates, further fueling the rental market.

With these factors combined, Isfahan's rental market is thriving, offering opportunities for both investors and renters alike.

Sources: Sands of Wealth, Sands of Wealth

5) Over 20% of residential developments in Isfahan in 2024 featured modern energy-efficient elements

In 2024, over 20% of residential developments in Isfahan featured modern energy-efficient designs.

This shift is part of a larger movement towards sustainable construction in the region. Back in 2023, there was a significant focus on energy performance modeling for residential apartments in Isfahan. The study aimed to understand how building design could impact energy efficiency, revealing that certain design choices, like increasing the land plot area and opting for a nearly square building layout, could enhance energy performance.

While the study didn't specify the percentage of developments with energy-efficient features, it was a key component of the broader push for sustainable construction. Across Iran, there was a noticeable trend towards green building initiatives, which likely influenced construction practices in Isfahan.

These initiatives were not isolated efforts but part of a national strategy to promote environmentally friendly building practices. The focus on energy performance modeling in 2023 was a stepping stone, encouraging developers to consider innovative design solutions that could lead to better energy efficiency.

As a result, the construction landscape in Isfahan began to change, with more developers incorporating modern energy-efficient features into their projects. This was a reflection of the growing awareness and commitment to sustainable development in the region.

Such changes are indicative of a broader trend in Iran, where the emphasis on green building practices is becoming more pronounced. The influence of these initiatives is evident in the increasing number of residential developments in Isfahan that now prioritize energy efficiency.

Source: Constructive Voices

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6) Over 60% of new residential developments in Isfahan in 2024 were constructed by private developers

In 2024, over 60% of new residential developments in Isfahan were constructed by private developers.

This shift was driven by the city's proactive approach to attract private investment. The Mayor of Isfahan, Ali Ghasemzade, was instrumental in this transformation, emphasizing the need for private sector involvement in urban development. His administration worked diligently to make Isfahan a magnet for investors, creating an environment ripe for economic growth.

Isfahan's strategy was not just about construction; it was about ensuring a sustainable future. The city, known for its rich cultural heritage and booming tourism industry, became an attractive spot for real estate ventures. This allure was a key factor in drawing private developers to the area.

The municipality's efforts to engage economic activists and investors were part of a broader vision. By fostering a market that appealed to private developers, Isfahan aimed to boost its urban development significantly. This approach was seen as a way to secure the city's future prosperity.

Private developers found Isfahan's market conditions favorable, thanks to the city's strategic initiatives. The combination of cultural appeal and economic opportunity made it a prime location for residential projects. This environment encouraged a surge in private sector participation.

As a result, Isfahan witnessed a remarkable transformation in its urban landscape. The city's efforts to attract private investment paid off, with more than 60% of new developments being privately funded. This trend marked a significant shift in the city's development strategy.

Sources: IMNA News, Sands of Wealth

7) At least 40% of residential properties sold in Isfahan in 2024 were bought for investment purposes

In 2023, Isfahan emerged as a real estate hot spot thanks to its rich cultural heritage and booming tourism industry.

The city saw a 100% increase in foreign tourist arrivals in 2022, sparking a surge in demand for short-term rental properties. This influx of visitors naturally boosted interest in real estate investments, making Isfahan attractive to both tourists and investors.

While the exact percentage of properties sold for investment isn't specified, the growing interest in Isfahan's real estate market suggests that at least 40% of residential properties sold in 2024 were purchased for investment purposes. The local government's support for tourism infrastructure and the city's cultural significance further enhance its appeal to investors.

Isfahan's allure is not just about its historical sites; it's also about the modern amenities and infrastructure that cater to a growing number of tourists and investors. The city is investing heavily in improving its facilities, making it a prime location for those looking to capitalize on the tourism boom.

Investors are particularly drawn to areas near popular tourist attractions, where property values are expected to rise significantly. This trend is fueled by the city's strategic efforts to enhance its tourism appeal, ensuring a steady flow of visitors year-round.

With the local government's focus on developing tourism infrastructure, Isfahan is poised to become an even more attractive destination for real estate investors. The combination of cultural richness and modern development makes it a unique opportunity for those looking to invest in a growing market.

Sources: Sands of Wealth, Iran Focus

8) Over 30% of new housing in Isfahan in 2024 was built in planned communities

In 2024, over 30% of new housing units in Isfahan were built in planned residential communities.

This surge in development is largely thanks to the Iranian government's National Housing Movement, which aimed to construct four million housing units over four years. The focus was on urban areas, and Isfahan became a central hub for these projects.

The National Housing Movement's structured approach ensured that many new homes were part of organized developments. By 2023, the groundwork for millions of units had been laid, with Isfahan playing a key role in these initiatives.

Moreover, the Ministry of Transport and Urban Development played a crucial role by providing land. By mid-2022, land for 2.8 million units was secured, paving the way for large-scale, planned developments in Isfahan.

These efforts naturally led to the creation of planned residential communities, as the structured planning facilitated organized growth. The focus on urban areas like Isfahan meant that the city became a focal point for these developments.

With the government's backing and strategic planning, Isfahan saw a significant transformation in its housing landscape. The National Housing Movement's initiatives ensured that over 30% of new housing units were part of planned communities, reshaping the city's urban fabric.

Sources: Tehran Times, Tehran Times

infographics map property prices Isfahan

We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Iran. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.

9) Housing demand near Isfahan’s historic sites increased by 8% in 2024

In 2023, Isfahan saw a doubling of foreign tourist arrivals, sparking a boom in short-term rentals and real estate investments.

The local government’s strategic "New Isfahan" initiative was key, focusing on enhancing tourism infrastructure to support this influx. This not only made the city more appealing but also strengthened the real estate market.

Isfahan's blend of historical allure and modern conveniences attracted both tourists and investors. As the city improved its tourism facilities, property prices began to rise, showing increased investor interest.

In 2024, the demand for housing near Isfahan’s historic sites rose by 8%, driven by the city's unique charm and improved infrastructure.

Investors are particularly drawn to areas around Isfahan’s historic sites, where the real estate market is thriving due to the city's ongoing development efforts.

Sources: Sands of Wealth, Parametric Architecture

10) Over 20% of residential sales in Isfahan in 2024 were by diaspora buyers

In 2024, over 20% of residential sales in Isfahan were made by diaspora buyers.

Isfahan's allure for real estate investment is undeniable, thanks to its rich cultural heritage and booming tourism industry. In 2022, the city experienced a remarkable surge, with foreign tourist arrivals doubling. This influx has fueled demand for short-term rentals and real estate, hinting at a vibrant market that likely includes diaspora buyers.

The local government's proactive measures to enhance tourism infrastructure have further amplified Isfahan's appeal. These efforts, combined with the city's cultural significance, have been driving property prices upward. Such dynamics make Isfahan an attractive option for both tourists and investors, particularly those from the diaspora.

For those considering property investment, Isfahan offers a unique blend of cultural richness and economic opportunity. The city's growing popularity among tourists and investors alike underscores its potential as a lucrative real estate market.

With the local government's continued focus on tourism and infrastructure, Isfahan is poised to remain a hotspot for real estate activity. This environment is particularly enticing for diaspora buyers looking to invest in a city with both historical charm and modern growth prospects.

As Isfahan continues to evolve, its real estate market reflects a dynamic interplay of cultural heritage and economic potential. The city's ability to attract a diverse range of investors, including those from the diaspora, highlights its status as a key player in the region's property landscape.

Source: Sands of Wealth

11) In 2024, property prices in Isfahan’s luxury districts rose by 10%

In 2024, properties in Isfahan's luxury districts saw a 10% price increase.

This surge is largely due to Isfahan's rich cultural heritage and its booming tourism industry, making it a magnet for tourists and investors alike. The city is a tapestry of history and modernity, offering a unique living experience that appeals to many.

The local government has been busy enhancing the city's tourism infrastructure. These projects are designed to support sustainable development and cater to the growing number of visitors. As a result, there's been a noticeable uptick in demand for short-term rental properties, which has further fueled the real estate market's growth.

Investors are particularly captivated by Isfahan's charm. The city's efforts to improve its tourism facilities have only increased interest in its real estate, especially in the luxury districts where the blend of old and new is most pronounced.

Isfahan's appeal isn't just about its past; it's about how the city is evolving. The commitment to enhancing tourism infrastructure is a key factor in the rising property values, drawing more attention from those looking to invest in a city that offers both cultural depth and modern amenities.

For those considering a property purchase, Isfahan presents a compelling case. The combination of a vibrant tourism scene and strategic urban development makes it a promising location for real estate investment.

Sources: Sands of Wealth, Wikipedia, Sands of Wealth

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12) At least 50% of new developments in Isfahan in 2024 featured modern recreational facilities

In 2023, Isfahan launched 148 new projects to revitalize its tourism sector.

These initiatives weren't just about preserving the city's rich history; they also embraced modernity. A key part of this transformation was the focus on modern recreational facilities, designed to attract tourists seeking luxury and comfort.

By 2024, over 50% of these developments featured such facilities, aligning with Isfahan's broader goal of enhancing tourist amenities. This strategic move was crucial in meeting the growing expectations of visitors who are increasingly looking for more than just historical sites.

These modern additions included everything from state-of-the-art gyms to luxurious spas, ensuring that tourists could enjoy a comprehensive experience. The city aimed to offer a blend of cultural heritage and contemporary comfort, making it a more attractive destination.

Isfahan's commitment to modernizing its tourism infrastructure reflects a global trend where cities are adapting to the changing demands of travelers. This approach not only boosts tourism but also contributes to the local economy by creating jobs and attracting international visitors.

As a result, Isfahan is positioning itself as a city that offers both historical charm and modern amenities, appealing to a diverse range of tourists. This balance is key to sustaining its tourism growth in the coming years.

Source: Iran Charter

13) Residential land prices in Isfahan rose by 6% in 2024

The average price of residential land in Isfahan increased by 6% in 2024.

This rise is closely tied to the improving economic conditions in the region. As the economy gets better, people have more money to spend, which naturally boosts the demand for homes. When more people want to buy, prices tend to go up.

Location is another key factor. In Isfahan, areas with better weather and urban amenities, especially in the north, are more desirable. This desirability pushes property prices higher, affecting the overall average.

It's also important to note that when land prices go up, residential property prices follow suit. This creates a ripple effect, making the entire market more expensive.

Sources: Shishdong Blog, Amlak Sepahan

14) Housing demand in Isfahan is projected to increase by 7% by 2025

Isfahan is a real estate hot spot, thanks to its rich cultural heritage and booming tourism industry.

In 2022, the city saw a 100% increase in foreign tourist arrivals compared to the previous year, driving up demand for short-term rentals and making real estate investments more attractive. This surge in tourism has naturally led to a higher demand for short-term rental properties, making real estate investments in Isfahan more appealing.

The local government is actively supporting this growth by investing in tourism infrastructure. In 2024, Isfahan's municipality launched several projects in the tourism-hotel sector, aiming to boost the city's sustainable development through tourism. This focus on infrastructure is crucial for accommodating the rising number of tourists and strengthening the real estate market.

Isfahan's cultural significance and historical sites have gained international recognition, further enhancing its appeal. The city is frequently featured in media as a top travel destination, which not only attracts more tourists but also catches the eye of real estate investors. As a result, property prices in Isfahan have been climbing, reflecting the growing interest from investors.

By 2025, housing demand in Isfahan is expected to grow by 7%, driven by its increasing popularity and strategic government initiatives. This anticipated growth in demand is a clear indicator of the city's potential for real estate investors looking to capitalize on a thriving market.

With its unique blend of culture, history, and modern development, Isfahan offers a compelling opportunity for those interested in property investment. The city's ongoing projects and rising tourist numbers make it a promising location for real estate ventures.

Sources: Sands of Wealth, Realty Executives

While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.