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Baku's real property market continue falling

Business Materials 29 May 2009 12:54 (UTC +04:00)

Azerbaijan, Baku, May 29 / Trend , U.Ismayilova/

Some 7.3 percent reduction of prices observed at the first real property market of Baku in April, General Director of the consulting company MBA Group Nusret Ibrhimov said.

"Prices at the secondary market of Baku dropped 4.9 percent in April and 21.3 percent per year," he said.

Some 4.5 percent fall of prices observed at the land market of Baku in April and 20.1 percent per year, including 0.5 percent at the market of commercial facilities in April and 3.9 percent per year.

Prices of construction materials dropped 0.95 percent in April and 23.6 percent per year.

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