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Price reduction for newly constructed buildings in Baku in Nov

Business Materials 30 December 2008 13:49 (UTC +04:00)

Azerbaijan, Baku, Dec. 30 /corr. Trend U.Ismaylova / The prices in the first real estate market in Baku reduced by 2.9% to $1,167 per sq.m in November, public organization Participants of Real Estate Market said on Dec. 30. 

Summary table of apartments proposed in the market in November:

Rooms

Number

Average indicator of area

Share in general construction, %

1-room

11363

60,5

16,3

2-room

21510

93,4

30,9

3-room

27678

1433,8

39,7

4-room

8017

182,3

11,5

5-room

1115

238,6

1,6

The number of constructed buildings in August composed 567 and the numbers of construction companies - 212. Most of the buildings (25.7%) were built in Yasamal district of Baku. The buildings, constructed in the Nasimi district, made up 21.5%, Khatai - 20.1%. All these houses made up 67.3% of the general portfolio of the first housing market.

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