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Decrease in Sales in Baku Primary Real Estate Market in August

Business Materials 22 September 2007 14:05 (UTC +04:00)

Azerbaijan, Baku / Trend corr U. Ismayilova / In August, the average price of 1 sq m of dwelling area in Baku primary real estate market increased by 0.1% to $1027, according to Participants of Real Estate Markets public organization.

Sale of flats and rate of construction work decreased in August. Some 583 buildings were put into exploitation in Baku.

The number of construction companies amounted to 223, the average number of storeys making up 15.4.

A dramatic rise in prices occurred in Yasamal, Khatai, and Nasimi Districts of Baku in August.

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