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Primary dwelling cheapens in Baku

Business Materials 2 February 2010 17:34 (UTC +04:00)

Azerbaijan, Baku, Feb.2 / Trend U.Ismayilova /

In Dec. 2009, the prices decreased by 1.7 percent to $912 per square meters compared to $928 on the Baku's primary housing market In November, Participants of Property Market public organization reported today

In December, the average area of apartments in Baku's new buildings made up 122.5 square meters compared to 122.1 square meters in November.

In December, the average floors index in the new buildings made up 15.1 percent and the average index of blocks -2.4 percent

In December, rise in prices was not observed in Baku. The significant drop by 3.2 percent was in the Yasamal district  

Most buildings were constructed in the Yasamal district of Baku, the second largest volume of construction is Khatai district and the third one- Nasimi district which amounted to 65.4 percent of the total portfolio

Summary table of room-figures of new buildings:

Apartment

Number of apartments

Average figure of area

Part in construction with %

One-room

11,440

61,2

17,7

Two-room

19,695

93,1

30,5

Three-room

24,944

132,7

38,7

Four-room

7,538

183,8

11,7

Five-room

907

255,7

1,4

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