Property Prices to Increase by15% in Azerbaijan by End of 2008 – Retable Commission

Business Materials 27 February 2008 17:13 (UTC +04:00)

Azerbaijan, Baku, 27 February / Trend corr. U.Ismailova / By the end of 2008, the prices in the property market of Azerbaijan will increase by 10 or 15%, an official from Caspian Property Services company reported.

In the end of December, the market activity increased by 10%, and at present, keeps the same rate. The prices for property increased by 5%, as compared to the activity.

The cost for one square meter of property comprise from $1,500 to $2,000 in the first zone, from $1,000 to $1,500 in the second zone, from $750 to $1,000 in the third zone and from $600 to $750 in the fourth zone, in Baku.

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