BAKU, Azerbaijan, May 23
By Fidan Babayeva - Trend:
When summer comes, the rental prices of private houses and summer cottages continue to rise in Azerbaijan, Director of MBA Group consulting company, expert on property issues Nusret Ibrahimov told Trend.
“The average cost of renting private houses and summer cottages in Baku amounted to 1,552 manat ($912) in April,” Ibrahimov added. "Prices increased by 14.2 percent compared to last month.”
The expert added that one of the reasons for the rise in rental prices for private houses and summer cottages is the growth in demand due to the season.
"When summer comes, activity on the land market is growing, which leads to an increase in rental prices," Ibrahimov said.
In conclusion, the expert stressed that along with the rise in rental prices for private and summer cottages, there is an increase in prices for land plots.
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