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Prices for renting apartments grow in Baku

Economy Materials 9 December 2022 09:32 (UTC +04:00)
Prices for renting apartments grow in Baku
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 9. Prices for renting apartments grew in Baku in October 2022, CEO of Azerbaijan’s MBA (Marketing Business Analysis) Group Consulting company Nusrat Ibrahimov told Trend.

"The cost of renting one square meter of housing in Baku in the reporting month increased by 9.63 percent in monthly terms and by 27.9 percent on annual basis, to 10.13 manat ($5.96)," said Ibrahimov.

Meanwhile, the average cost of renting apartments in the city amounted to 1,106 manat or $650, up by 14.73 percent (964 manat or $567) over the month and by 24.13 percent (891 manat or $524) over the year.

According to Ibrahimov, the total volume of offers in the housing rent market of Baku in October 2022 increased by 2.57 percent compared to September of this year, and by 51.14 percent on an annual basis - to 798 manat ($469).

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