BAKU, Azerbaijan, December 9. Prices for renting private and country houses in Baku decreased 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 private and country houses in October 2022 decreased by 12.67 percent compared to the previous month and by 2.85 percent on an annual basis, to 6.48 manat ($3.8)," said Ibrahimov.
The average price of house rentals in Baku increased by 55.47 percent compared to the previous month and totaled 1,805 manat or $1.060 (against 1,161 manat or $680), and by 13.02 percent on an annual basis (against 1,597 manat or $940).
According to Ibrahimov, the total volume of offers in the private and country house rent market in October 2022 increased by 35.53 percent compared to the previous month, and by 36.17 percent year-on-year, to 576.