Real Property Price to Climb Up by 20% in Baku in Autumn

Business Materials 27 August 2008 13:20 (UTC +04:00)

Azerbaijan, Baku, 27 August / Trend corr. U.Ismayilova / Increase in prices for real property will be observed by 21% in Baku in Autumn compared to August. Activity in the market will increase trice, Nusrat Ibrahimov, General Director of the MBA Group consulting company, said.

According to export, activity in market increases twice in autumn.

"Increase in prices for real property outruns inflation rate, which touched 20%. Until the end of 2008, the prices will increase to 26%.

The average price per square metre touched $1,814 in Baku in July.

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