Prices for commercial facilities in Baku's district increase in January

Azerbaijan, Baku, March 9 / Trend U. Ismayilova /

In January, prices for commercial buildings in Baku reduced by 0.3 percent, rent of commercial buildings - by 0.2 percent, the public organization "Participants of property market" said.

The average price of a non-residential facility amounted to $2,982 in Baku in January compared to $2,990 per square meter in December 2009.

The share of commercial buildings, proposed on the market below the average price amounted to 56,9 percent of the market portfolio. Proposals on the market increased by 1.6 percent.

The rise in prices was observed only in Garadagh district of Baku by 0,6 percent. The most significant decline was in Yasamal district by 1,3 percent.

In January, the average prices for commercial facilities reduced by 9 percent compared to the same period of 2009.

Zones of city

Average prices in January

Change of prices in percent

I

4911

-0,2

II

3489

-0,5

III

2166

-0,7

IV

826

-1,5

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