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Rise in Prices of Real Estate Fixed in Baku in Feb

Business Materials 5 March 2007 14:20 (UTC +04:00)

Azerbaijan, Baku / Trend , corr U.Ismayilova / Caspian Property Services, an apprsal company, inbformed on 5 March that in February rpices at the real estate market in Baku rose by 10-15% versus to January..

In February prices of houses in the center of Baku rose $100-150 per sq m in average and made up $1,450-3,000. Prices around the center increased $50-120 per sq m in average and made up $700-2,400. Similar prices outskirts Baku rose $50-100 per sq m and comprised $450 in average.

In January the prices of real estate market rose 20% following hike in the prices of energy resources.

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