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Prices Increase for Non-Housing Facilities in Baku

Business Materials 26 May 2008 15:29 (UTC +04:00)

Azerbaijan, Baku, 26 May / Trend corr. U. Ismayilova/ In April, prices per sq m of non-housing facilities increased by 3.3%, as compared to March, and made up $3542, the public organization Participants of Real Estate Market reported on 26 May. The prices increased by 23.4%, since the beginning of the year, and 38.6% as compared to the same period of 2007.

The organization stated that the prices for lease of the commercial facilities increased by 3% in April.

The availability of commercial facilities in the market increased by 12.1% due to the seasonal period. The number of sale-purchase operations decreased by 1.5%.

The number of agreements signed on sale-purchase of non-housing facilities decreased by 2.1%.

Summary table of growth of non-housing facilities in Baku in April.

Zone of city Price per hundred sq.m, in USD Growth per month in %
I 5695 2,3
II 3773 4,7
III 2324 4,1
IV 1129 3,4

Summary table indicating shares of Baku districts in non-housing facilities market:

Zone of city Price per hundred sq.m, in USD Growth per month in %
I 5695 2,3
II 3773 4,7
III 2324 4,1
IV 1129 3,4
District Shares in %
Narimanov 20
Nasimi 20
Yasamal 18
Sabail 15
Khatai 8
Nizami 5
Binagadi 5
Aziabeyov 3
Sabunchu 3
Surakhani 2
Garadagh 1

The correspondent can be contacted at: [email protected]

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