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Dynamics of Baku’s real estate market in January

Business Materials 19 February 2011 10:30 (UTC +04:00)

Azerbaijan , Baku, Feb. 19 / Trend U.Ismayilova /

The dynamics of the real estate market of Baku in January 2011 prepared by the MBA Group consulting company.

The summary table of price changes in the real estate market is as follows:

Dynamics of prices on the secondary housing market

Zones of the city

Jan. %

In the beginning of the year

During the year

I

-0.2

-0.2%

-13.7%

II

0.6%

0.6%

-3.1%

III

0.4%

0.4%

-5.2%

IV

0.2%

0.2%

-3.9%

City

0.5%

0.5 %

-5.8%

Dynamics of prices on the land market

Zones of the city

Jan. %

In the beginning of the year

During the year

I

-0.8%

-0.8%

7.6%

II

-3.1%

-3.1%

11.3%

III

5.0%

5.0%

-1.0%

IV

-3.9%

-3.9%

0.6%

City

-0.2%

-0.2 %

1.3%

Dynamics of prices on the commercial facilities market

Zones of the city

Jan. %

In the beginning of the year

During the year

I

-4.6%

-4.6%

-1 2.5%

II

-3.0 %

-3.0 %

-11.8%

III

-3.9.0%

-3.9.0%

-1 2.9%

IV

-1.2%

-1.2%

-6.3%

City

-3.0%

- 3.0 %

- 10.1%

Projects in residential flats

Projects

Share in the portfolio of offers in %

Prices in $ / sq.m. in January

Growth ( within a month%0

Growth ( within a year)

Architectural

1.8

1755

2.0

-5.1

Akhundovsky

0.2

1306

-0.3

-11.8

Experimental

8.6

1421

2.4

-10.2

Italian

0.7

1083

-0.4

-8.5

Kiev

4.1

1090

-1.9

-5.5

Leningrad

17.4

1180

0.3

-6.9

Minsk

3.1

1224

-1.1

-3.8

German

0.7

1281

-2.1

-3.0

Stalin

6.7

1536

0.5

-4.7

French

3.8

1111

-2.2

-7.1

Khrushchev

8.2

1318

0.5

-1.9

Special

0.1

1248

1.5

-3.3

Renovated new building

20.8

1290

3.4

-0.6

New building without repair (again)

23.8

798

-1.7

-4.5

Total

1 00 .0

1279

0.5

-5.8%

The dynamics of changes in the districts of Baku :

Districts of Baku

Prices in $ / sq.m. in January

Share in the portfolio of offers in %

Growth ( within a monthin %)

Growth ( within a year in %)

Khazar

972

0.2%

-0.6

-1.8

Binagadi

1 ,161

8.3%

-2.4

-5.3

Garadag

931

0.2%

3.4

0.0

Yasamal

1 ,376

21.4%

0.7

-1.1

Nizami

1 ,130

12.9%

-3.4

-9.9

Narimanov

1 ,377

15.0%

-0.3

-2.5

Nasimi

1 ,386

18.3%

0.4

-3.5

Sabunchu

1 ,212

0.6%

2.0

4.7

Surakhani

850

1.6%

1.4

-2.1

Sabail

1 ,805

4.1%

5.1

-0.4

Khatai

1 ,056

16.8%

0.0

-7.9

Absheron

940

0.5%

0.9

-12.9

Average prices

1 ,279

100.0

0.5

-5.8

Indicator of the housing market of Baku in January

The average price of apartments
in $

area
in m

Rooms

Rent prices in $

yield
in %

coefficient

Term

The average price of a baseline (2000)
in $

The yield on bank deposits for the year in %

Dividends on bank deposits . $

Return index ( to bank deposits )
in %

99234

77.2

2.4

670

0.68

6.5

15.4

95158

11.09

879.4

1.3

Market indicators in the markets of private homes

Private homes

Показатели

Within a month

Growth ( within a monthin %)

Growth ( within a year in %)

Average prices in $

129 ,710

160 ,432

23.7

Area in . sq . m

143.8

168.6

17.2

The total area in acres . sq . m

5.14

5.6

8.9

Rooms

3.97

3.86

-2.8

Average price of housing in the $ / sq.m.

902

952

5.5

Special prices given middle lobe (area + living space) in $ / sq.m.

197

220

11.7

Prices of land in private homes in the $ / acres . sq . m

15 ,164

17 , 810

17.5

Proportion of land prices in %

69.0%

60.6%

-12.1

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