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Commercial facilities cheapen in Baku

Business Materials 2 February 2010 16:55 (UTC +04:00)

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

In December 2009, the prices on Baku commercial facilities market dropped by 0.3 percent including rent of the commercial facilities by 0.7 percent, the public organization Participants of Real Estate Market said

Average price for non-residential facility hit $2,990 compared to $2,998 per square meter in November.

The most significant increase in prices occurred in the Garadakh district of Baku by 2.6 percent, and drop - in the Azizbekov district of Baku by 1.9 percent.

In December, the average prices on the commercial facilities decreased by 10.9 percent compared to the same period of 2008

Zones

Average price in December

Price changing (%)

I

4,921

-0,1

II

3,507

-0,3

III

2,182

-0,6

IV

839

-0,9

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