BAKU, Azerbaijan, August 7. The average price per square meter of the primary housing market in Baku increased by 0.16 percent in June 2023 compared to the previous month (an annual increase of 17.91 percent), Director of the MBA Group consulting company Nusret Ibrahimov told Trend.
"In June 2023, the cost per square meter in Baku's primary housing market was 1,896 manat ($1,115), while the total volume of offers was 867 (a decline of 2.03 percent year on year and 3.99 percent month on month)," he stated.
As of January 1, 2023, the average cost per square meter in the primary housing market was 1,714 manat ($1,008), and the total volume of offers was 836.
MBA Ltd., the consulting and evaluation company that 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.
The consulting company is accredited and entered into the register of Azerbaijan's Central Bank and the Ministry of Finance in accordance with national valuation standards in the fields of property valuation (immovable and movable) and business.