Azerbaijan, Baku, Jan. 26 / Trend U. Ismayilova /
The dynamics of the real estate market in Baku in December 2010 was prepared by a consulting company MBA Group.
Summary table of changes on market:
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Projects in residential buildings |
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Projects |
Share in portfolio of proposals in percent |
Prices in $/square meters, December 2010 in percent |
Growth during a month in percent |
Growth during the year in percent |
Architectural |
1,6 |
1720 |
6,6 |
-6,1 |
Akhund |
0,2 |
1310 |
-4,9 |
-11,5 |
Experimental |
7,2 |
1388 |
-4,5 |
-10,2 |
Italian |
0,3 |
1087 |
-5,7 |
-3,1 |
Kiev |
4,4 |
1111 |
-1,0 |
-2,2 |
Leningrad |
17,8 |
1176 |
-1,2 |
-8,0 |
Minsk |
2,7 |
1238 |
0,8 |
-4,6 |
German |
0,7 |
1308 |
1,2 |
-3,8 |
Stalin |
7,0 |
1529 |
4,3 |
-5,0 |
French |
5,0 |
1136 |
-0,4 |
-6,1 |
Khrushev |
9,3 |
1311 |
-1,5 |
-3,5 |
Special |
0,1 |
1229 |
-1,9 |
-4,7 |
Repaired new buildings |
20,2 |
1248 |
-0,9 |
-3,9 |
New buildings without repair |
23,6 |
812 |
-1,5 |
-6,5 |
Total |
100 |
1273 |
-0,9 |
-6,4 percent |
Dynamics of price change in Baku districts: |
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Baku districts |
Price in December 2010 in $/square meters |
Share in portfolio of proposals in percent |
Growth during a month in percent |
Growth during the year in percent |
Khazar |
978 |
0,20 percent |
-0,5 |
-2,4 |
Binagadi |
1189 |
10,41 percent |
2,1 |
-5,3 |
Garadag |
900 |
0,20 percent |
-0,2 |
-2,8 |
Yasamal |
1367 |
20,42 percent |
2,6 |
-5,1 |
Nizami |
1170 |
12,78 percent |
2,5 |
-5,1 |
Nariman |
1381 |
14,62 percent |
-0,5 |
-8,5 |
Nasimi |
1381 |
17,26 percent |
-1,4 |
-8,7 |
Sabunchi |
1188 |
0,53 percent |
3,9 |
-2,0 |
Surakhani |
838 |
3,49 percent |
-10,9 |
-15,9 |
Sabail |
1718 |
4,28 percent |
1,8 |
-5,9 |
Khatai |
1056 |
15,48 percent |
-1,6 |
-5,7 |
Absheron |
932 |
0,33 percent |
-1,1 |
-11,5 |
Average prices |
1273 |
100 percent |
-0,9 |
-6,4 |
Indicators on housing market in Baku in December |
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Average price on flat |
area |
rooms |
Rent price |
yield |
coefficient |
term |
Average price on base index (2000) |
Yield on bank deposit per year in percent |
Dividends on bank deposits in $ |
Index of yield (bank deposits) |
92860 |
74,6 |
2,32 |
672 |
0,72 |
6,9 |
14,4 |
94711 |
10,97 |
865,8 |
-0,2 |
Market indices on private houses
Private houses |
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Indices |
During a month |
In percent per month |
Growth per year in percent |
Average prices in $ |
203806 |
129710 |
-36,4 |
Area in square meters |
234,5 |
143,8 |
-38,7 |
Total area |
6,4 |
5,14 |
-19,7 |
Number of rooms |
4,5 |
3,97 |
-11,8 |
Average price in $/square meters |
869 |
902 |
3,8 |
Special prices given average share in $/square meters |
233 |
197 |
-15,4 |
Prices on land plots in private houses in $ |
18 654 |
15 164 |
-18,7 |
Share of land plot in total cost, percent |
54,6 |
69,0 |
26,4 |