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Price Increase in Land Market in Baku

Business Materials 22 September 2007 14:06 (UTC +04:00)

Azerbaijan, Baku /corr. Trend U.Ismaylova / Price increase was observed for the land market in the fourth zone of Baku in August, the public union Participants of Real Estate Market reports.

Summary table of price change in zones of the city:

Zones of city Prices for hundred part (in USD) % change of prices
First zone 222296 0,1
Second zone 129500 -0,1
Third zone 27120 0,2
Fourth zone 4436 2,6

Nearly 540 ha lands were offered in the land market of Baku in August with 74% empty lands and the remaining part - non-dwelling lands and lands of old houses.

The average cost of the land in the land market in Baku totaled $22074 for hundred part. Significant price change in the land market took place mainly in Nasimi, Narimanov, Yasamal, Sabunchu and Surakjani districts of Baku..

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