Azerbaijan, Baku, Jan. 5 / Trend U. Ismayilova /
Real estate market in Azerbaijan in 2010 can be assessed as stable, executive director of the Azerbaijani Association of Realtors Elnur Azadov said.
"The lowest price per square meter was fixed in the settlement of New Yasamal - 350 manat, and the most expensive housing - within the project "clever house" where a square meter costs 8,000 manat in Yasamal district," he said.
He said that the purchase and sale operations reduced by 10.5 percent, depending on the segments of the market in the second half of the year.
"The prices on the real estate market of Azerbaijan, as well as purchasing power in the first half of 2011 will remain unchanged," he said.
He said that it is possible to expect that the real estate market in the country will improve in the second half of the year, due to forecasts of global economic recovery after the crisis.