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In May Average Price for Private Houses in Baku Significantly Increased

Business Materials 9 June 2007 13:27 (UTC +04:00)

Azerbaijan, Baku / Trend / The average price of one hundred part in the land market of Baku amounted to $20925, an increase 4.9% from the previous month, public union Participants of Real Estate Market informs.

The average square of the land plots proposed in the market of private houses equaled 4.5 hundred part and number of rooms - 3.3. The price increase is explained through the increase of the costs of the construction materials.

In May the average price for the private houses amounted to $214 540, an increase of 0.1% from the figures of the previous months.

In May the price increase in the market of the commercial premises equaled 2.2% as compared to the previous months. The average price for the commercial premises amounted to $2 556 per square meters.

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