Drop in Demand Observed in Real Estate Market of Baku
Azerbaijan, Baku /corr Trend U.Ismayilova / Since the beginning of the year prices at the real estate market in Baku have risen by an average of 15%.
Caspian Property Services announced on 3 May that the secondary market for real estate was 10%-12%, with the initial market being 14%-15%, therefore showing a substantial decrease of demand within the market compared to the beginning of the year.
The Caspian Property Services announced that in April considerable rise was observed. However, there is a lack of demand for three bed roomed flats.
The company said that the demand for residence within the market will drop 30% in average.