Baku primary housing market do not record change in prices
Azerbaijan, Baku, May 25 / Trend U.Ismayilova /
In April, prices on the primary housing market in Baku did not change and remained at the March $880, Participants of Property Market public organization said.
"Based on the monitoring results, significant changes were not observed in prices and volume of transactions for the purchase and sale of objects, as the real buyers prefer the secondary housing," the organization said.
The apartment area constructed in the primary housing market amounted to 122.2 square meters compared to 121.9 square meters in March and average units - 2.5 and average floors - 15.2.
Four new buildings appeared in the market in April, three of which were built in Sabail and one - in Binagadi district of Baku. The number of building companies operating in the market was 152 in April compared to 150 - in March. Thus, the number of buildings under construction has grown from 434 to 438.
Most of the buildings were built in Yasamal, Khatai and Nasimi districts of Baku, which amounted to 65.6 percent of the total number of buildings under construction.
The greatest demand in the primary housing market was observed at the three-room apartments. Five-room flats are offered mainly in the central zone of the city first and one-room - in the third zone.
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