Azerbaijan, Baku / Trend.Capital / The supply of second homes in Baku amounted to 2,000 in March and 2,100 in February, a report of the 'Real Estate Market Participants' Civil Society Organization say.
Most of the supply in March was in the Yasamal district of Baku (27%). Supply in the Nasimi district of Baku made up 19.5% and in Narimanov district 18.5%.
Districts | Price in $ for 1 sq m | Rise in % per year |
Azizbayov | 568 | 0.4 |
Binagadi | 1,027 | 1.7 |
Garadagh | 576 | 0.3 |
Yasamal | 1,253 | 8.2 |
Nizami | 1,040 | 8.1 |
Narimanov | 1,241 | 1.5 |
Nasimi | 1,355 | 2.1 |
Sabunchi | 1,033 | 3.6 |
Surakhany | 908 | 4.3 |
Sabayil | 1,735 | 8.0 |
Khatai | 939 | 7.3 |
The average price for second homes was up 1.4% on February and comprised $1,173 per sq m.
Flats at the cost of $63,000-$75,000 for second homes in the market in March comprised 29.1% of total amount.
Most of the supply was for two room (35%) and three room flats (39%).