Activity of Commercial Premises Market Reduced in Baku
Azerbaijan, Baku, 18 June/ Trend corr. U.Ismayilova / In May, the prices for commercial premises increased by 7.6% against April, 36.8% compared to the mentioned period in 2007, the public organization 'Participants of real estate market' reported.
The prices to lease commercial premises have drop by 1.7% in May.
The square metre of commercial premises made up $3,602 in May. The prices drop by 2.1% in the first zone, as well as by 1.3% in the second zone, however an increase was observed in the 3rd zone by 6.1% and 8% in the 4th zone.
Compared to May, the number of proposed commercial premises has increased by 8.9% to April.
The number of operations on sale and purchase of premises has decreased by 4.3%. The term of the property exposition has increased by 13.2% in May.
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