BAKU, Azerbaijan, December 26. The average cost per square meter of residence in Baku's major market increased by 2.47 percent in November 2023 compared to the previous month, Chief Executive Officer of the MBA Consulting Group company, Nusrat Ibrahimov told Trend.
The annual growth amounted to 24.24 percent.
"The price per square meter in the capital's major housing market was 2,030 manat ($1,194). The total number of offers received was 862 (a 7.51 percent decrease year over year and a 3.11 percent increase month over month)," Ibrahimov said.
In general, the average cost per square meter in the primary housing market was 1,714 manat ($1,008.2), and the total volume of offers was 836 as of January 1, 2023.