Baku real estate market reduce by 15 percent
Azerbaijan, Baku, Jan. 12 / Trend U.Ismayilova /
In December, the prices in the Baku first housing market decreased by 3 percent and by 20.2 percent-in 2009, CEO of MBA Group consulting company Nusrat Ibrahimov said
"Prices in the second housing market drop by 3.1 percent in December, 2009 and by 18.1 percent-in 2009," Ibragimov said
In December, prices on the land market decreased by 1.9 percent and by 23.1 percent in 2009. Prices of the commercial objects decreased by 1.2 percent in December and by 9.7 percent-in 2009. On the house rent market, average apartment prices fell by 0.8 percent and 8.7 percent, respectively.
In December, average prices on the real estate market fell by 1.75 percent and 15.3 percent respectively, Ibragimov added
The average price per apartment hit $101.697 or 1.237 per square meter. The average room index was 2.46, the average housing area - 82.9 square meters