Commercial Non-Housing Facilities Climbs Up in Baku

Azerbaijan, Baku, 3 November / Trend corr. U. Ismayilova/ In September, prices per sq m of non-housing facilities increased by 1.2%, as compared to August, and made up $3,661, the public organization Participants of Real Estate Market reported. The prices increased by 1.6%, since the beginning of the year, and 39% as compared to the same period of 2007

In September, the average price to rent commercial properties rose by 1.5%. The proportion of non-residential facilities supplied to the market stood at 60.5% of the portfolio of commercial property market.

The supplies in the commercial properties market decreased by 0.5% due to seasonal rates. The exposure term for non-residential facility in September rose by 1.6%. The number of sales and purchase of commercial properties increased by 3.2%, a term exposure sites increased by three per cent.

Most part of the portfolio of non-residential market was in Narimanov (22%), Nasimi (21%) and Yasamal (13%) Districts of Baku.

Summary table indicating growth in non-housing facilities market of Baku in August:

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