Azerbaijan, Baku, Oct. 28 /Trend, A.Akhundov/
The prices in non-residential facilities market in Baku increased by 1.5 percent, rent of commercial buildings decreased by 0.2 percent in September, Participants of Real Estate Market public organization reported.
Number of proposals on the market increased by 2.2 percent in September.
The average price of a square meter of non-residential facility area increased from 2,938 to $2,973.
According to the held studies, prices increased by 0.8 percent compared to the first quarter, and 0.6 percent as compared with September of last year.
Prices for non-residential areas in the first and fourth zones of the city fell by 0.9, 0.6 respectively and amounted to $4,881 and $795, but in the second zone, 0.5 percent growth was recorded, amounting to $3,475.
Increase in the average price on the market was observed in the Garadagh district at 2.2, but the most significant decrease was observed in the Surakhani district - at 1.1 percent.
The share of commercial buildings, proposed on the market below the average price ($2,973 per square meter) amounted to 51.7 percent of the market portfolio.
Despite the increase of market prices, low demand affected the increase in exposure time, which increases the level of risk for this type of property.