Baku land gets insignificantly cheaper in September
Azerbaijan, Baku, November 5 / Trend, A. Akhundov /
In September, the average price for land in Baku decreased by 0.8 percent from $13,814 to $13,421 per one hundred square meters, public organization Property Market Participants told Trend on Saturday.
As reported, Baku land prices decreased primarily due to a sharp decline of demand.
Prices did not increase in any of the city's districts, the report said.
Binagadi and Khatai districts were most active on the land market. Nasimi district was the most inactive.
The information reads that in September, the most expensive land plot was offered for sale in Nasimi district at a price of $350,000 per one hundred square meters (a place near to the air ticker office), and the cheapest one was offered for sale in Absheron district - in settlement Pirekeshkul - at a price of $350 per one hundred square meters.
In September, Baku's land market offered for sale 777,300 land hectares, of which 78.8 percent were empty plots and the rest were uninhabited and old inhabited plots.
The term of land exposition on the market rose by 1.1 percent against the previous month.