Azerbaijan, Baku, June 6 / Trend , U.Ismayilova/
In April, 2009, price on a square meter of non-residential premises declined by 2.6 percent to $3.102 compared to $3,180 in January, public organization Real Estate Market Participants said. Prices have declined by 13.9 percent from the same period in 2008.
Drop in prices of commercial properties was observed in all districts of Baku, except Garadagh, where a 0.8- percent increase was occurred due to beginning of a giant trade' centre's activity in this territory.
Prices on rental of commercial properties dropped 2 percent.
Proposals on the non-residential property markets increased by 1.4 percent in April. Majority of the market's portfolio comprised proposals in the Narimanov District (23.3 percent), as well as Nasimi District (19.6), Yasamal (15.2 percent), Khatai (12.8), Sabail (11.2) and other districts of Baku.
The summary table indicates changes in prices in the city zones:
|
City zones |
Average prices |
Price changes in % |
|
I |
5,046 |
-1.1 |
|
II |
3,566 |
-1.3 |
|
III |
2,301 |
- 2.5 |
|
IV |
882 |
-3.7 |
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