Azerbaijan, Baku, Dec. 1 / Trend A.Akhundov /
Prices in the secondary housing market of Baku fell by 1.3 percent in October, Property Market Participants public organization said.
The number of new buildings on the housing market continues to grow in Baku, and in September this figure was 60.4 percent.
Despite q 1.2-percent increase in proposals on the market, the average price fell by 1.2 percent. Under the influence of mortgage lending in this segment of the market the liquidity remained stable, but the risk is still high. According to studies, on the secondary market price index declined by 1.2 percent. Price index on the secondary market decreased by 2.7 point to 198.7 points.
Share of Yasamal, Nasimi, Narimanov and Khatai districts in the portfolio of this segment was 79.6 percent.
Average price per square meter of secondary housing was $1,079 reducing by $14, and the share of apartments proposed to the market below the average price amounted to 57.4 percent in the total portfolio of the market.
The average room rate on the secondary market amounted to 2.56, the average price of the room - $43,196, the average apartment price - $115,765.