Baku’s June Primary Real Estate Portfolio Decreased
Azerbaijan, Baku / Trend corr. U.Ismaylova / The society 'Participants of the Real Estate Market' organization has reported that the average June market price of primary real estate in Baku came to $1,013/sq m. The portfolio decreased in June. The decrease of price was due to a suspension of construction on a range of buildings. The rise of price index came to 1.1%.
The organization's monitoring revealed that an increase of prices is due to inflation of expenditures but not for high demands.
The real estate market's average storey index came to 15.4, average apartment size came to 122.8sq m, and the average number of rooms was 2.6.