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Real estate prices in Azerbaijan expected to grow - expert

Economy 17 January 2022 10:48 (UTC +04:00)
Real estate prices in Azerbaijan expected to grow - expert

BAKU, Azerbaijan, Jan. 17

By Nazrin Israfilova - Trend:

Real estate prices are expected to grow in Azerbaijan, Director of MBA Group consulting company, expert Nusrat Ibrahimov told Trend.

"Price growth in the building materials market reached 24 percent. Wages of workers in the country, as well as the rent cost also increased,” Ibrahimov said. “All these factors may affect other areas. In the real estate sector, the increase in prices will affect the rental and purchase of apartments and land plots.”

According to the expert, currently, prices in all areas are growing, which is also driven by inflation.

As expected, inflation will rise by six percent in 2022, and the prices will rise in parallel, he added.

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