Azerbaijan, Baku, 11 November / Trend , corr. U.Ismayilova /In October, the prices in the real estate market of Baku drop to 2.4% - in average to $1,717 per square metres, MBA Group consulting company said.
"The prices dropped on the real property market due to the influence of the financial crisis," company said.
In October, about 4,000 real property premises were supplied to the real property market.
The average price for one-roomed made up almost $50,000 in October. The average price for apartment totaled $118,400. Construction in Yasamal District of Baku made up the majority of the portfolio - 20.5%, second in Nasimi- 18% and third in Narimanov- 17.2%.
Summary table shows changes of prices in districts of Baku:
|
District |
Price per hundred sq.m, in USD |
Growth per month in % |
|
Azizbayov |
1.082 |
-1.2 |
|
Binagadi |
1.504 |
1.5 |
|
Garadag |
1.293 |
-2.6 |
|
Yasamal |
1.678 |
1.4 |
|
Nizami |
1.533 |
1.3 |
|
Narimanov |
1.736 |
-4.1 |
|
Nasimi |
1.723 |
-3.9 |
|
Sabunchi |
1.325 |
0.2 |
|
Surakhani |
1.200 |
1.3 |
|
Sabail |
2.363 |
-2.9 |
|
Khatai |
1.320 |
0.8 |
The share of supplied apartments for $120,000 -$150,000 cost to the real property market made up 30.3% of the common portfolio.
MBA Group is a consulting company which carries out monitoring in all spheres of economy.
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