1/4 Rise in Real Estate Prices in Baku
Azerbaijan, Baku, 13 May / corr. Trend U. Ismayilova/ in April, the real estate prices rose by 2.9% against March in Baku with rise by 10.1% against the beginning of the year, MBA group consulting company said. The rise in real estate prices totaled to 25.3% against January-April of 2007.
In a period from January to April the payback period of real estate made up 19.5 years which is attributed to the lower purchasing power.
The margin of profit dropped up to 0.3% from 0.46%. The activeness of the real estate market of Baku increased up to 17.1% from the previous 11.8%. The supply surpasses demand by 2.2 times.
The margin of profit dropped by 15.3% from beginning of 2008 and totaled to 124 days on average all over the market.
The number of sale-purchase deals in April rose by 8.3% with a level of risk in April reaching 4.45.
|Building Design||April, $ for cu. m||Rise in a month (%)||Rise in a year (%)|
|Repaired New buildings||1,730||4.9||41.5|
|, on average||1,831||5.3||46.1|
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