Azerbaijan, Baku, March 9 / Trend U. Ismayilova /
In January the average prices on Baku's land market fell to 2.1 percent or $14,769 for 100 square meters compared to $15,086 in December 2009, the public organization 'Participants of property market' said.
The exposition term of land plots has increased by 0.8 percent during a month up to 247 days.
In January, the most expensive plot of land was proposed in Nasimi district of Baku at $190,000 per 100 square meters, the cheapest one - at $ 350 per 100 square meters in the Absheron district of Baku.
A summary table shows changes in land prices in Baku in accordance with the zones of the city in January:
|
Zone of city |
Prices in $ per 100 square meters in January |
Average change of prices in percent |
|
I |
173651 |
-0,9 |
|
II |
98014 |
-1,1 |
|
III |
19345 |
-2,6 |
|
IV |
3816 |
-3,1 |
About 808.1 hectares of land were proposed on the market. About 76.9 percent were empty plots.