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Lease for Uninhabited Premises Cuts in Baku

Business Materials 30 June 2008 16:49 (UTC +04:00)

Azerbaijan, Baku, 30 June / Trend corr. U.Ismayilova / The price for one square metre of uninhabited premise has increased by 7.6% and $3.602 as for 1 April 2008, the public organization 'Participants of real estate market' reported. From the beginning of the year the price for uninhabited premises increased by 25.5% in 2008, and 36.8% in the same period in 2007.

The prices to lease commercial premises decreased by 1.7% in April against May.

The proposals in the commercial premises market increased by 8.9% within a month, due to the season period. The number of sale and purchase operations reduced by 4.3%.

A summary table shows increase in price for uninhabited premises in Baku in May:

City zones Prices in $ per square metre метр Increase per month in %
I 5,575 -2.1
II 3,724 -1.3
III 2,466 6. 1
IV 1,219 8

A summary table shows prices for uninhabited premises in some regions in Baku:

City zones Prices in $ per square metre метр Increase per month in %
I 5,575 -2.1
II 3,724 -1.3
III 2,466 6. 1
IV 1,219 8
Region Average price in $ per square metre
Aga 5,328
A.Alakparov 4,330
M.Nefchilar 3,972
9,726
Sharg Bazari 3,667
Business centre Landmark 6,450
28 May 6,861
A Sultanova 3,126
Neapol circle 2,850
3rd micro region 3,598

The correspondent can be contacted at: [email protected]

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