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Price of newly constructed buildings continue to fall in Baku

Business Materials 5 May 2009 13:00 (UTC +04:00)

Azerbaijan, Baku, May 5 / Trend , U.Ismayilova/

In March, the priceper one square metre in the Baku primary real estate market decreased by6.7 percent to $1,006, compared to $1,078 in February, the public organization Real Estate Market Participants reported.

A total of 550 buildings were constructed in the Baku primary real estate market. Roughly 202 companies were engaged in construction. Most of buildings were constructed in the Yasamal District followed by Nasimi (20.4 percent) and Khatai (19.3 percent). .

The average area of apartments in new buildings in March was 121.2 square meters, the average units - 2.3, floors - 15.1.

The summary table indicates room indicators in newly constructed buildings:

Apartments

Number of apartments

The average index of areas

Share of construction in %

One-room

10543

60,7

17

Two-room

19176

92,1

30,4

Three-room

24763

131,8

39,2

Four-room

7541

182,9

11,8

Five-room

1026

238,3

1,6

Totally

63049

121,2

100

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