Azerbaijan, Baku, March 29 / Trend , U.Ismayilova/
In February 2009, the dynamics of sales transactions on the Baku commercial premises market rose 2.3 percent from January and dropped 16.5 percent during the same period in 2008.
Within a month, many city areas saw a 3.7-percent decrease in the yield rate due to the relatively low prices on renting premises. Prices on commercial properties leasing fell 2.5 percent.
In February, the non-residential premises market experienced a 3.6-percent reduction in supplies due to low market activity. The number of market transactions declined 1.6 percent from January.
Average prices on the non-residential premises market fell 0.3 percent to $3.44 per square meter in February.
The table indicates changes in market segment prices:
|
Facilities |
Prices in January Per Square Meter in $ |
Prices in February Per Square Meter in $ |
Change in Process in % |
|
|
Shops |
4,223 |
4,316 |
2.2 |
|
|
Sites |
3,541 |
3,600 |
1.7 |
|
|
Services |
3,017 |
2,863 |
-5.1 |
|
|
Offices |
2,584 |
2,500 |
-3.3 |
|
|
Cellars |
1,493 |
1,461 |
-2.1 |
|
|
Industrial |
904 |
877 |
-3 |
|
|
Average Prices |
3,450 |
3,440 |
-0.3 |
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