Construction Material Prices Remain Stable in Baku

Business Materials 9 April 2008 17:57 (UTC +04:00)

Azerbaijan, Baku, 11 March / Trend corr U. Ismayilova/ In March, the prices for construction materials in Baku did not experience any drastic changes as compared to February, the difference comprised only of 0.6%, the public organization Participants  of Real Estate Market reported on 9 April.

In March, monitoring was held for over 100 kinds and 47 brands of the construction materials and the price decrease was observed for 8 of them, stable prices for 67 and increase for 27.

The share of materials produced in Azerbaijan made up 43%.

According to the organization's monthly report, the passiveness of construction material market was caused by the passiveness of Baku's primary market.

As compared to the beginning of the year, the prices for construction materials rose by 1.5%, and compared to the same period of 2007 - by 9.2%. The 10% rise was caused by increase in the prices for construction materials in the world market, as well as the delivery cost. 

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