Buying real estate in Masshad?

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10 statistics for the Masshad 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 Mashhad’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does local 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 Mashhad, 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 Masshad 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 Statista, the ISNA, and the Wikipedia (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) A studio apartment in Mashhad costs an average of $80,000

The average cost of a studio apartment in Mashhad is $80,000.

However, this figure seems off when compared to recent data. In 2023 and 2024, apartment prices in Mashhad were reported in Iranian rials. When converted to USD, these prices ranged from $6,500 to $33,000, depending on factors like location and amenities.

This suggests that the $80,000 figure might be an outlier or a misinterpretation. The sources didn't specify a dollar amount for studio apartments, making it hard to verify such a high average cost.

For context, Mashhad is a bustling city known for its religious significance and vibrant markets. The real estate market here is influenced by its proximity to key cultural sites and the influx of tourists and pilgrims.

Buyers often look for properties near the Imam Reza Shrine, which can drive up prices in those areas. However, even in these prime locations, the reported prices still fall within the $6,500 to $33,000 range.

It's crucial to consider these factors when evaluating property prices in Mashhad. The $80,000 figure doesn't seem to match the typical market trends observed in recent years.

Sources: Eghamat24, Mehr News, Aria Marz

2) Properties with security systems in Mashhad are expected to increase by 10% in 2025

In 2025, the number of properties with security systems in Mashhad is expected to rise by 10%.

This trend is part of a larger movement across Iran, where more people are investing in advanced security solutions to protect their homes and businesses. Over the past couple of years, particularly in 2023 and 2024, there has been a noticeable shift in customer preferences. People are not just sticking to traditional security systems anymore; they are opting for more sophisticated options like surveillance cameras and access control systems.

These integrated security solutions are gaining popularity because they offer comprehensive protection. As threats evolve, including cybercrime and terrorism, the need for robust security measures becomes more pressing. This is why cybersecurity solutions are also becoming a crucial part of the package, helping to safeguard both information and physical assets.

The security market in Iran is on a growth trajectory, with projections indicating significant expansion by 2029. This growth is mirrored in the increasing number of properties adopting security systems. The focus is not just on physical security but also on protecting digital assets, which is driving the demand for these advanced solutions.

In Mashhad, this shift is particularly evident as more property owners recognize the importance of securing their investments. The anticipated 10% rise in properties with security systems is a clear indicator of this growing awareness. As people become more conscious of potential threats, they are more inclined to invest in comprehensive security measures.

Overall, the trend towards enhanced security solutions is a response to the changing landscape of threats. With the rise in cybercrime and other risks, integrated security systems are becoming essential for peace of mind. This shift is not just about protecting physical spaces but also about ensuring the safety of digital information.

Source: Statista Market Forecast

infographics map property prices Masshad

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.

3) Properties with smart home features in Mashhad increased by 10% in 2024

In 2024, the number of properties with smart home features in Mashhad increased by 10%.

This surge is largely due to a growing desire for modern and technologically advanced living spaces. People in Mashhad are increasingly drawn to homes that offer the latest in smart technology, making their lives more convenient and secure.

With more smart home solutions and services now available, upgrading properties has become easier for homeowners. This accessibility has encouraged many to embrace the trend, transforming their homes into smart havens.

The real estate market in Mashhad has also felt the impact of this shift. Homebuyers are actively seeking properties that come equipped with smart features, prioritizing convenience, security, and energy efficiency.

This demand has prompted property developers to incorporate smart technology into their projects, ensuring they meet the expectations of modern buyers. Developers are now more inclined to offer homes with these advanced features.

Globally, the trend of smart home adoption is on the rise, fueled by the widespread availability of internet connectivity and the Internet of Things (IoT). This global movement has made smart homes more appealing and accessible to people everywhere, including Mashhad.

Source: House of Brokers

4) Residential buildings in Mashhad average 20 years old

The average age of residential buildings in Mashhad is 20 years.

This relatively young age is largely due to the use of substandard materials during construction, which tend to degrade quickly. As a result, buildings in Mashhad often require more frequent maintenance and renovations.

Moreover, the city faces challenges with inadequate construction standards. This lack of proper guidelines means that many buildings are not built to last, further contributing to their shorter lifespan.

Maintenance practices in Mashhad are also insufficient, leading to additional wear and tear on buildings. Without regular upkeep, the safety and functionality of these structures can be compromised.

For potential property buyers, understanding these factors is crucial. The need for ongoing maintenance and potential renovations should be considered when evaluating properties in Mashhad.

Despite these challenges, the city's real estate market remains active, with many buyers attracted by the affordable prices and potential for investment growth.

Sources: Bazarmaskan, Yasa, Mashhad Foolad Tos

5) Building material costs in Mashhad increased by 12% in 2024

The cost of building materials in Mashhad rose by 12% in 2024.

This increase was largely due to a global surge in commodity prices. Essential materials like cement and steel became more expensive worldwide, which naturally pushed up local prices in Mashhad.

Local economic conditions also played a part. Mashhad's economy, influenced by both national and international trends, saw a rise in the cost of living and inflation, which further drove up building material costs.

Specifically, cement prices in Mashhad experienced a significant hike. Some types of cement were reported to be up to 12% more expensive than the previous year, directly impacting construction expenses.

These factors combined to create a challenging environment for anyone looking to build or buy property in the area. The rising costs of essential materials like cement and steel are a key consideration for potential buyers.

Understanding these economic dynamics is crucial for making informed decisions in the property market. The interplay of global and local factors continues to shape the cost landscape in Mashhad.

Sources: ISNA Article, Cement Price Report

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6) Rental agreements in Mashhad in 2024 typically lasted 24 months

In 2024, rental agreements in Mashhad typically lasted 24 months.

This duration is part of a broader trend in Iran, where rental agreements often have fixed terms. In many parts of the country, including Mashhad, landlords and tenants usually negotiate rental periods ranging from 12 to 36 months.

The 24-month term is a popular choice, as it offers a balance that suits both parties. While specific data for Mashhad isn't easily found, this practice aligns with regional real estate trends.

For those interested in more detailed insights, consulting local real estate reports or speaking with professionals in Mashhad could provide valuable information.

Understanding these trends can help potential buyers or renters make informed decisions about property investments in the area.

Sources:

7) Over 60% of new residential developments in Mashhad in 2024 were privately funded

In 2024, over 60% of new residential developments in Mashhad were privately funded.

The Iranian real estate market is shaped by economic factors like the depreciation of the Iranian rial, which has sparked a surge in housing demand. This has pushed property prices higher, making real estate a lucrative option for private investors.

In Iran, the housing industry is largely driven by the private sector. The Central Bank of Iran reports that 98% of the market is funded by private investors, with minimal state involvement. This trend is not just limited to Tehran but is also seen in other major cities like Mashhad.

These dynamics explain why private investment plays such a significant role in Iran's housing market, contributing to the high percentage of privately funded developments in Mashhad in 2024.

Sources: Wikipedia, Iran Focus

8) Residential land prices in Mashhad increased by 6% in 2024

In 2024, the average price of residential land in Mashhad rose by 6%.

As of December 2024, the average price per square meter was about 13,600,000 tomans, according to Zaminbaz. This suggests a strong demand for land, which typically pushes prices higher.

Platforms like Divar and 2nabsh are bustling with listings for land and old houses, indicating a vibrant and competitive real estate market. This competition often results in increased prices as buyers vie for available properties.

Engaging with professional real estate agents, as highlighted by 2nabsh, is essential. Their expertise provides valuable insights into accurate pricing, helping buyers navigate the market effectively.

With numerous properties available, the market's competitiveness is evident. This environment can lead to price hikes as demand outpaces supply, making it crucial for potential buyers to stay informed.

Understanding these dynamics is key for anyone considering a property purchase in Mashhad. The market's current state reflects an ongoing trend of rising land values, driven by demand and expert guidance.

Sources: Zaminbaz, Divar, 2nabsh

infographics rental yields citiesMasshad

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Iran versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.

9) Housing demand in Mashhad is projected to increase by 7% by 2025

Mashhad is a bustling city, drawing around 25 million visitors each year due to its significance in religious tourism.

This influx of tourists has not only boosted the local economy but also increased the demand for real estate, especially residential properties. The city's hospitality sector is thriving, with numerous four- and five-star hotels that can accommodate up to 75,000 guests during peak seasons.

The local government is responding to this growth by enhancing infrastructure, which is expected to drive up property values. This development is a key factor in the rising interest in Mashhad's real estate market.

Given these changes, it's anticipated that housing demand in Mashhad will grow by 7% by 2025. This demand is fueled by both the city's growing population and the steady stream of tourists.

For potential property buyers, this means a vibrant market with opportunities for investment. The combination of tourism and infrastructure improvements makes Mashhad an attractive option for real estate investment.

As the city continues to evolve, the need for more residential properties will likely increase, making it a promising area for those looking to invest in real estate.

Sources: Sands of Wealth, Sands of Wealth

10) Over 30% of residential transactions in Mashhad in 2024 were for investment purposes

In 2024, over 30% of residential transactions in Mashhad were for investment purposes.

Mashhad's appeal as a real estate hotspot is largely due to its status as a major religious tourism hub. The city welcomes around 25 million visitors annually, drawn by the revered mausoleum of Imam Reza. This influx not only boosts the local economy but also spikes demand for residential properties, making it a magnet for investors.

The city's growth potential is another key factor. With a rising population and urban migration, the demand for residential properties continues to climb. There's a strong cultural preference for property ownership as a safe investment, which further fuels this trend. The hospitality sector's expansion, marked by numerous four- and five-star hotels, also contributes to the real estate boom.

Mashhad has ambitious plans to host 40 million pilgrims and tourists annually, which requires significant infrastructure development. This growth is supported by infrastructure projects like the expansion of the Shiraz Metro, which enhances transportation and potentially boosts property values. Investors are closely watching these developments, understanding the need to balance supply and demand.

The local government is actively enhancing infrastructure to accommodate the increasing number of visitors and residents. This proactive approach ensures that the city can sustain its growth and maintain its appeal to investors. The surge in real estate transactions is a testament to the city's dynamic market, driven by both population growth and urban migration.

Investors are particularly interested in Mashhad's market, recognizing the importance of maintaining a healthy balance between supply and demand. The city's strategic initiatives aim to support this balance, ensuring long-term growth and stability in the real estate sector.

Source: Sands of Wealth

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.