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Cost for Most Expensive Land Plot in Baku Announced

Business Materials 29 July 2008 14:40 (UTC +04:00)

Azerbaijan, Baku, 29 July / Trend corr. U.Ismayilova / The most expensive land plot was sold in the Narimanov District of Baku for $257,100 and cheaper $300 per 10 square metres in the Garadag District, the public organization 'Participants of real estate', reported.

In June, the average price per 1 square metre increased by 0.7% against May and touched $25,648. The exposition term for land plots has climbs up by 3.1%.

In June, some 74.7% of 638 hectares of lands in the market made up empty plots.

A summary table shows change in price for land plots in Baku:

City zone

Prices in $ per square metre

Average change in prices in %

I

225,049

-0.3

II

136,983

-0.2

III

34,634

2.9

IV

6,228

4.5

The correspondent can be contacted at: [email protected]

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