Prices in First Market of Real Estate in Baku Inconsiderably Increased in July

Business Materials 1 September 2008 16:50 (UTC +04:00)

Azerbaijan, Baku, 1 September /corr. Trend U.Ismaylova / In July the prices in the first market of real estate in Baku increased by 0.4% to $1177 per sq.m as compared to June, the public organization Participants of Real Estate Market reported.

Most of apartments in the central first zone of the city were five-room, and in the third zone - one-room. In July in the first market of Baku most of apartments were three-room.

The average area of the proposed apartments in the newly constructed buildings in July made up 120.5 sq.m.

Summary table of proposed apartments in July:

Rooms Number Average indicator of area, in sq.m Share in common construction, %
1-room 10531 58,6 15,7
2-room 20939 92,8 31,2
3-room 26974 133,4 40,1
4-room 7789 180,8 11,6
5-room 978 257,9 1,5

The number of constructed buildings in Baku is 566 and number of construction companies - 215. .