Rental prices of private, country houses in Baku grow over year

Economy Materials 9 June 2023 16:40 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, June 9. Prices for renting private and country houses increased on annual basis in Azerbaijan's capital Baku in April 2023, CEO at Azerbaijan's MBA (Marketing, Business, and Analysis) Consulting Group Nusrat Ibrahimov told Trend.

"The average price of renting the houses amounted to 856 manat ($503.5), which is year-on-year growth by 13.08 percent and decrease by 4.14 percent in monthly terms," Ibrahimov said.

According to him, in the capital, the total volume of offers on the rental market of houses, in April this year increased by 52.79 percent compared to the previous month, and year on year - by 47.84 percent, to 822.

MBA LTD, the consulting and evaluation company, which has been registered since March 2008, provides consulting and marketing services in various sectors of the economy. During this period, the company passed international certification in the field of marketing and appraisal activities, creating a vast business network. The company's specialists also act as trainers at organized courses on marketing, business organization, legal services, real estate activities (buying and selling real estate), and valuation.

MBA Ltd consulting company is accredited and entered into the register of the Central Bank of Azerbaijan and the Ministry of Finance of Azerbaijan in accordance with the national valuation standards in the field of valuation of the property (immovable and movable) and business.