Cost of Commercial Premises Leasing Increase in Baku

Business Materials 13 February 2008 15:07 (UTC +04:00)

Azerbaijan, Baku, 13 February / Trend corr U. Ismayilova / The average price at the apartment leasing market in Baku made up $685 per month in January 2008, which is an increase of 0.7% from December 2007, the public organization Real Estate Market Participants reported on 13 February.

The price for commercial premises leasing increased 0.9% in a month. The price in the leased commercial premises market comprised of an average $22 per sq m in January, depending on the location.

The rise in the cost for commercial premises leasing constituted 12.1% in 2007.

The rise in prices was caused by inflation.