BAKU, Azerbaijan, August 11. Prices for private and country houses in Baku increased on an annual basis in Baku in June 2023, CEO at Azerbaijan's MBA (Marketing, Business, and Analysis) Consulting Group Nusrat Ibrahimov told Trend.
"The average rental cost of one square meter of houses in Baku amounted to 11.53 manat ($6.78), up by 7.86 percent over the month, and by 30.87 percent year-on-year," Ibrahimov said.
According to him, in June this year, the total volume of offers in the capital city's housing rental market decreased by 12.22 percent compared to the previous month and by 18.92 percent over the year, to 467.
As of January 1, 2023, the average rental cost of one square meter of houses in Baku was 6.36 manat ($3.7), and the total offer volume - 445.
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.