Baku, Azerbaijan, May 7
By Matanat Nasibova – Trend:
Prices for commercial facilities in Azerbaijani capital Baku decreased by 5.5 percent in March 2020 compared to the preceding month, Director of the MBA Group consulting company Nusrat Ibrahimov told Trend.
Meanwhile, the growth in the prices compared to March 2019 amounted to 6.4 percent.
In March 2020, price for one square meter of commercial property was $1,602.
A slight increase was also observed in the price of land plots.
In the reporting month, the average price per 100 square meters of land stood at $11,503, compared to $11,202 in March 2019. On an annualized basis, this indicator increased by 1.1 percent.
Prices for courtyard houses in March of this year increased by over 1.7 percent compared to the same month in 2019.
Moreover, a slight decrease in prices was also observed for country houses; the prices declined by 1.3 percent compared to the same month last year.
There was also a drop in prices in the rental segment - by 1.3 percent in March 2020 compared to February of the same year, by 0.7 percent on an annualized basis.