Dynamics of real estate market in Baku in December 2010

Business Materials 26 January 2011 17:09 (UTC +04:00)

Follow Trend on

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

Latest

Latest