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Dynamics of real estate market in Baku in December 2010

Business Materials 26 January 2011 17:09

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:

Price dynamics on secondary housing

City zones

December percent

Early 2011

During the year

I

-2,8 percent

-9,2 percent

-9,2 percent

II

1,2 percent

-6,0 percent

-6,0 percent

III

-0,1 percent

-4,4 percent

-4,4 percent

IV

-0,6 percent

-3,0 percent

-3,0 percent

In the city

-0,9 percent

-6.4 percent

-6,4 percent

Price dynamics on land market

City zones

December percent

Early 2011

During the year

I

-0,2 percent

-7,4 percent

-7,4 percent

II

1,2 percent

16,1 percent

16,1percent

III

0,3 percent

-6,1 percent

-6,1percent

IV

1,5 percent

-4,4 percent

-4,4 percent

In the city

0,2 percent

0,2 percent

0,2 percent

Price dynamics on non-residential facilities market

City zones

December percent

Early 2011

During the year

I

-0,2 percent

-11,6 percent

-7,5 percent

II

-0,2 percent

-5,6 percent

10,5 percent

III

-2,8 percent

-13,4 percent

-1,1 percent

IV

0,3 percent

-31,5 percent

-25,1percent

In the city

-0,4 percent

-4,1 percent

-4,5 percent

Projects in residential buildings  

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:

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

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

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

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