Azerbaijan, Baku / Trend corr U. Ismayilova / The most expensive lot of land for May ($340,000 per 10 x 10m) was sold in Nasimi district of Baku, the cheapest ($230 per 10 x 10m) in Absheron region, according to the 'Participants of the Real Estate Market' public organization.
In May, the average price of a 10 x 10m lot increased by $975 and totalled $20,925. Considerable changes in price occurred in the following five Baku districts: Nasimi, Narimanov, Yasamal, Sabuncu, and Surakhany. Other districts experienced relative stability.
In May, of 273 hectares put for sale, 51%consisted of vacant land lots.