Prices Remained Stable in First Real Estate Market of Baku in January

Business Materials 28 February 2008 20:54 (UTC +04:00)

Azerbaijan, Baku, 28 February /corr. Trend U.Ismaylova / In Jan, the number of deals on sale-purchase of apartments, in the first market of real estate in Baku, remained stable. In the previous months, the number of deals decreased by 2.5%, the public organization Participants of Real Estate Market reported.

In Jan, the price of one square meter in the first market in Baku increased by 0.3%- up to $1028 per one square meter.

Stability was observed in the central first zone of the city. In Jan, 587 buildings were built and put into operation. There are 216 construction companies. Most of the buildings (25%) were constructed in district Yasamal of Baku.