BAKU, Azerbaijan, September 8. Prices on the secondary real estate market in Baku continue to grow year-on-year, director of consulting company MBA Group Nusret Ibragimov told Trend.
"Prices in the secondary housing market of Baku increased by 20 percent in July 2023 year-on-year, and decreased by 1.4 percent compared to the previous month. In the reporting period, the average cost of a square meter in the secondary housing market amounted to 1,972 manat ($1,160)," Ibragimov said.
He noted that the total volume of offers in the secondary market in July amounted to 1,861 (an increase of 8 percent over the year, compared to the previous month - by 1.92 percent)
On January 1, 2023, the average cost per square meter in the secondary housing market was 1,763 manat ($1,037), and the total volume of offers in the secondary market was 1,821.