2011 becomes turning point for Azerbaijani real estate market

Business Materials 26 December 2011 18:47 (UTC +04:00)

Azerbaijan, Baku, Dec 26 /Trend R. Mammadov/

2011 became a turning point for the Azerbaijani real estate market and a year of stabilization, MBA Group consulting company director general Nusret Ibrahimov said at a presentation of the report in Baku on Friday.

The analysis was prepared with the support of the International Finance Corporation (IFC).

This analysis covers the period from 2000 to 2011. It was carried out in accordance with the Sternik methodology by using 34 key indices necessary to cover all segments of the real estate market.

Three main information databases were used during the analysis: apartments offered in residential apartment buildings during a month, without repair and which were not used before, the secondary housing (repaired or previously used) and apartments offered for rent.