Azerbaijan, Baku, July 24 / Trend, I.Khalilova /
In June, commercial facilities market in Baku decreased by 0.3 percent, rent of commercial buildings - by 0.2 percent, the public organization "Participants of property market" said.
Number of Proposals on the market decreased by 3 percent in June.
"Despite the stabilization of prices, the low level of proposals has not lead to an increase in exposition time", the organization's experts say.
Price index for Baku decreased by 3.2 percent compared to the last year, compared to May - 0.4 percent .
During June, proposals decreased by 6.5 percent due to the deepening of passivity on the market because of seasonal factors.
In June, a relative decline in prices was observed on commercial areas and lease market. Price of non-residential areas fell 0.4 percent, and the rent - 0.3 percent.
The average price of a square meter of non-residential facility area decreased in May and was $2,950 in June. According to the held studies, lower prices compared to the first quarter amounted to one percent, as compared with June of last year - 2 percent.
Prices for non-residential areas in the zones of the city fell by 0,1, 0,2, 0,3 and 0,6 percent respectively. Over the past month increase in the average price on the market was not observed in any of the areas of the city, but the most significant decrease was observed in Binagadi district - at 0.8 percent.
The share of commercial buildings, proposed on the market below the average price amounted to 53.4 percent of the market portfolio.