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Drop in Rent Prices of Non-Dwelling Facilities in Baku

Business Materials 29 July 2008 15:34 (UTC +04:00)

Azerbaijan, Baku, 29 July/ In June, the price of one square meters of non-dwelling facilities increased by 0.1% versus May and totaled to $3,605, Players of Estate Market public organization said. The prices of non-dwelling facilities in Baku raised by 30.1% since the beginning of the year and 31.1% versus the same period of 2007.

The rent prices of commercial facilities dropped by 0.2% in June versus May.

The supply in the market of commercial facilities dropped by 2.2% in a month which is due to the seasonal factors. The number of sale-purchase operations decreased by 3.7%.

The following summary table indicates price rise in non-dwelling facilities in June in the zones of city of Baku

Zone of the city Prices of ($) Rise in a month (%)
I 5,554 -0.4
II 3,727 0.1
III 2,478 0.5
IV 1,235 1.3

The correspondent can be contacted at: [email protected]

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