Azerbaijan, Baku, August 3 / Trend U. Ismayilova /
Prices have not changed in June on the primary housing market of Baku and amounted about $870 per square meter, Public Organization "Property market participants" said.
Prices for primary housing reduced by 1.1 percent in June compared to the beginning of the second quarter, three percent - by the beginning of the year, 7,8 percent - by the same period of last year. Prices reduced by 27.1 percent by the most active period of the real estate market of Baku - September 2008, the organization said.
There is a passive situation with the sale of property on the primary market of Baku, as well as on other market segments.
Construction of 153 (152 in May) buildings was held by 440 (439) construction companies in Baku in June.
As in previous months, most of the portfolio of primary residence of Baku were buildings in Yasamal (27.3 percent), Khatai (20,9 percent) and Narimanov (17.3 percent) districts of Baku.
A summary table provides data for sale of primary residence in Baku:
Flats |
Number of rooms in May |
Number of rooms in June |
Average index in May (sq. m.) |
One-room |
11828 |
11842 |
61,3 |
Two-room |
20252 |
20259 |
92,8 |
Three-room |
26289 |
26317 |
132,4 |
Four-room |
7772 |
7779 |
190,5 |
Five-room |
908 |
908 |
252,4 |
total |
67049 |
67105 |
145,9 |