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 |
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