Construction materials in Azerbaijan go on falling in price

Business Materials 11 February 2009 16:29 (UTC +04:00)

Azerbaijan, Baku, Feb. 11/ Trend U. Ismailova/

In January average prices reduced 0.8 percent by December 2008 on Baku market of construction materials, Property Market Participants public organization said on Feb. 10. Prices reduced 35.1 percent compared to early 2008.

"Rise in prices for some kinds of construction materials prevented sharp growth on this market," the organization said.

Monitoring was conducted on 38 brands and 85 kinds of construction materials during last month. Reduction was observed for 29 kinds of this number. Prices remain stabile for 43 kinds and increased for 13 ones.

Share of local production on the market of construction materials totaled 54.1 percent.

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