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Sale Figures of Baku Real Estate for June Publicized

Business Materials 30 July 2007 14:21 (UTC +04:00)

Azerbaijan, Baku / Trend corr U. Ismayilova / In June, the most part of flats in Baku was sold in Khatai district, making 22.6% of the total real estate portfolio of Baku, according to the 'Real Estate Market Participants' public organization.

Narimanov district comprised 20.9% of the portfolio, Yasamal - 16.7%.

Total price table for real estate in Baku districts is as following:

Districts Price in $ for 1 sq m Rise in % per month
Azizbayov 684 1
Binagadi 1262 -0,4
Garadagh 578 -0,9
Yasamal 1409 4,8
Nizami 1203 0,8
Narimanov 1425 1,2
Nasimi 1474 -7,4
Sabunchi 1174 3,5
Surakhany 823 1,4
Sabayil 1958 2,3
Khatai 1009 0,4

Flats at the price of $65 - $75 made up 30% of the supply portfolio in May. Average price of a room comprised $36,130, average price of a flat - $88,518.

Tree-room flats comprised 33% of the sold flats, one-room flats- 26%.

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