Azerbaijan, Baku / corr Trend U.Ismayilova / The average price of real estate made up $1,027 per sq m in Baku in August, according to Participants in Real Estate Market public organization.
Over the month a drop was observed in the portfolio of the initial market, the construction in some facilities was restricted due to frequent incidents during construction work.
On 28 August a 16-storey building collapsed in central Baku. Over 20 people died in the incident.
The organization said that the average storey indicator in buildings constructed in Baku in August comprised 15.4, the average area of apartments was 122.8sq m, the average number of rooms was 2.6, and the share of non-dwelling areas in new buildings made up 9.4%.