Review of construction sector in Azerbaijan (January-June 2012)

According to the Azerbaijani State Statistical Committee, the volumes of commissioned housing in Azerbaijan increased by 2.28 percent in June compared to the previous month and decreased by 8.6 percent compared to June last year.

About 250,800 square meters of housing were commissioned in June compared to 110,000 square meters in May and 317,700 square meters in June 2011.

Total area of ​​residential buildings commissioned in Azerbaijan in January-June 2012 amounted to 796,700 square meters compared to 838,800 square meters a year ago (a decrease of 5 percent).

Primary residential market

According to the "Property Market Participants" public organization, prices in June decreased by 1.2 percent compared to the previous month and hit 810.4 manat per square meter.

The prices decreased by 1.3 percent compared to the previous quarter and by 3.2 percent over the same period in 2011.

The prices on primary housing decreased by 32.1 percent compared to the crisis period (September 2008) and by 4.4 percent compared to early 2012.

As in the previous month, 420 buildings was put on sale in June. Most of the buildings were social buildings, construction of which occurred in the fourth zone. The number of construction companies remained unchanged at 150.

Most new buildings are being built in Yasamal district, followed by Khatai and Nasimi districts in Baku.

Secondary market

The average price on the secondary housing market in Baku in June 2012 decreased by 0.4 percent and amounted to $986 per square meter compared to May.

In June, the volume of supply on the secondary housing market increased by 0.9 percent. The supply on the market reached 7,600 apartments.

During June and supply of four-and five-room apartments decreased while supply of one-, two-and three-bedroom apartments increased. The greatest supply increase was observed in the two-bedroom apartment, which was 1.4 percent.

The share of Yasamal, Nasimi, Narimanov and Khatai districts in the portfolio of supply on the market amounted to 78.7 percent. The formation of the portfolio due to these four districts for a long period is connected with new buildings built in these districts on the market.

The research shows that the portfolio is mainly formed due to these four districts on the primary market.

The share of secondary housing on the market at a price lower than the average, amounted to 52.1 percent. The average room rate in the housing proposed on the secondary market in June was 2.79, the average price on each room - $44,256, apartments - $111,207.

Building materials

The building materials market decreased by 0.31 percent in Baku in June compared to May. The prices on building materials decreased by 1 percent compared to early 2012 and by 0.8 percent compared to May 2011.

Compared to early 2012, the average price declined by 1.3 percent, and compared to June last year - three percent.

The share of domestic products in the total portfolio market prices of building materials was 53.6 percent, which is 1.15 percent more than index of imported goods.

The monitoring was conducted on 37 items and 87 varieties of building materials.

Despite increased sales in June due to seasonal factors, construction materials on the market declines in price.

In May, iron and veneer products imported from Russia decreased in price.

The summary table includes the building materials. The prices on these materials decreased (in percentages):

veneer

-2,7

channel

-1,6

wood

-2,2

Iron pipes

-3,2

laminate flooring

-1,2

Zinc plates

-2,6

The summary table includes the building materials. The prices on these materials increased (in percentages):

Rod

+7,3

underroof

+2,2

Reinforcement

+0,6

Soyuz-2.1b carrier rocket with Arktika-M satellite blasts off from Baikonur spaceport
Soyuz-2.1b carrier rocket with Arktika-M satellite blasts off from Baikonur spaceport
Kazakhstan adds 791 new COVID-19 cases
Kazakhstan adds 791 new COVID-19 cases
Kazakhstan twofold decreases exports to Norway amid COVID-19
Kazakhstan twofold decreases exports to Norway amid COVID-19
Loading Bars
Latest
Georgia's export of vegetables down year-on-year
Russia and Azerbaijan are friendly countries - President Aliyev
Russian-Turkish Monitoring Center will function as very important instrument for post-war period - President Aliyev
Armenian soldiers fled leaving two lonely elderly Armenian people behind - President Aliyev
We have no problems with Armenian people - President of Azerbaijan
“Smart village” project will be implemented in three villages of Zangilan district - President Aliyev
When Khojaly genocide was committed, world was silent - President of Azerbaijan
Turkey to open tender for Canal Istanbul in 2021
Armenian side did not provide us with maps of minefields, this can be considered crime - President of Azerbaijan
I can't understand why poster 'Welcome to Azerbaijan!' irritates Armenia in any way - President Aliyev
There cannot be prisoner of war 20 days after war, these are terrorists and saboteurs - President Aliyev
Armenia must fully implement the statement of 10 November - President of Azerbaijan
Some countries purchased three to four times more vaccines than they need - President of Azerbaijan
Azerbaijan - first country in South Caucasus to start vaccination, says President Aliyev
We have avenged victims of Khojaly on battlefield - President of Azerbaijan
Whole world sees and knows that Azerbaijani people were subjected to genocide at end of 20th century - President Aliyev
Russia’s COVID-19 case tally rises by 11,359
Azerbaijan reports 117 more COVID-19 recoveries
European Council President to visit Georgia today
Soyuz-2.1b carrier rocket with Arktika-M satellite blasts off from Baikonur spaceport
Certain villages in Iran to be supplied with gas
Bloody events in Sumgayit city - planned provocation against Azerbaijan - Foreign Ministry
Azerbaijan shares Eyvazkhanbeyli village of Aghdam district (PHOTO/VIDEO)
Iran's Tehran Oil Refining Company signs contract to increase refining
China's factory activity expands at a slower pace in February, misses expectations
Turkey set to support Croatia's post-quake revival: Turkish FM
COVID-19 Update: 83,179 Kyrgyzstanis recovered
Georgia reports 248 coronavirus cases, 525 recoveries, 11 deaths
Iran's Gorgan-Mashhad railway to be built
Trade relations between Azerbaijan and Russian Ulyanovsk region expanding
Weekly review of Azerbaijani ICT sector highlights
UK's Sunak will set out plans to raise income tax by 6 billion sterling
Australia receives AstraZeneca vials as it ramps up vaccination drive
January 2021 value of mortgage loans in Azerbaijan grows in absolute terms
Kazakhstan adds 791 new COVID-19 cases
5.5-magnitude quake hits 81 km SW of Islay (Matarani), Peru
Iranian Minister unveils ports' infrastructure dev't plans
Turkey confirms 9,193 new COVID-19 cases, 2,693,164 in total
S&P Global affirms Georgia’s sovereign credit rating at ‘BB’
Razi COVID-19 vaccine to begin clinical trial: Minister
5 died after accident in northeast China chemical fiber plant
US regulator approves Johnson&Johnson coronavirus vaccine
Kazakhstan twofold decreases exports to Norway amid COVID-19
Iraq reports 3,543 new COVID-19 cases, 692,241 in total
5.3-magnitude quake hits 3 km SW of Point MacKenzie, Alaska
Qatar reports 460 new COVID-19 cases, 163,197 in total
Weekly review of highlights in Azerbaijani financial market
UK records another 7,434 coronavirus cases, 290 deaths
It is necessary to end deployment of Armenian armed forces on territory of Azerbaijan - Foreign Ministry
WHO reports over 420,000 new daily cases of COVID-19
Istanbul’s major Galataport project to go live in April
0.03% of pupils and 0.1% of school staff in Georgia confirmed with Covid-19 this week
Iran's Energy Exchange announces products to be on sale on February 28
Uzbekistan's largest share in formation of GDP falls on Tashkent
Azerbaijan's revenues from tea, coffee exports double in Jan.2021
Cargo movements in Iran's Khalij-e-Fars port increase
China conditionally approves one-shot recombinant COVID-19 vaccine
Stock gains power Buffett's Berkshire Hathaway to higher profit
More than 165,000 apply for Turkey’s most popular scholarship
Georgian Railway resumes passenger transfers
Kazakhstan reports value increase in all types of deposits
New road put into operation in Iran's Golestan Province
Azerbaijan sets up working subgroups to prepare 2021-2025 Development Strategy
Bahar Azadi gold coin price falling in Iran
Azerbaijan reports 172 more COVID-19 recoveries
Azerbaijan's Ministry of Finance to put up medium-term bonds for auction
Azerbaijan's banking sector ends January 2021 with profit
Foundation of several manufacturing enterprises laid in Iran's Qazvin Province
Uzbek-Korean JV to buy spare parts for metal detector via tender
USAID to promote start-up dev’t in Turkmenistan
President Aliyev: Any attempt to violate implementation of November 10th declaration will be very harmful for Armenia (VIDEO)
Iran reveals COVID-19 data for February 27
Bosnian TV channel visits liberated Azerbaijani Aghdam, reminds of Khojaly genocide
Azerbaijani police officers find ordnances left by Armenians in Khojavand (PHOTO)
Long-term energy demand impact of COVID-19 is modest
President Aliyev to Iranian reporter: Your question is a kind of an accusation (VIDEO)
New Zealand's largest city Auckland back to lockdown after COVID-19 case
Iran pins hopes on Swiss financial channel to purchase COVID-19 vaccines
Foreign journalists visit village where two-year-old Azerbaijani girl was killed by Armenians
Volume of cargo loaded, unloaded in Iran’s Chabahar port revealed
Weekly review of Azerbaijan's oil and gas sector
Eni Turkmenistan Ltd opens tender for catering, housekeeping services
Kazakhstan boosts imports of Switzerland-made products
Uzbek ministry, German Society for International Cooperation sign agreement
Uzbekistan, China expand mutual trade despite COVID-19
Georgia reports 373 new cases of coronavirus on Feb.27
Buy/sell operations at Iran Mercantile Exchange soar
Weekly review of Azerbaijani precious metals market
Baku Metro continues preparatory work for commissioning of new 'November' 8 station
Iran's exports to Russia increase
Uzbek-Korean JV to buy spare parts for pumps via tender
Kazakh airlines eye to launch several flights on Turkestan-Istanbul route
UNDP in Turkmenistan opens tender for services on seismic work
Volume of electricity generated by renewable energy power plants in Iran announced
Researcher talks monuments on ancient Azerbaijani lands vandalized by Armenians (PHOTO)
Uzbekistan reveals COVID-19 data for Feb. 27
Azerbaijan's MoD shares footage from Gubadly's Afandilar village (PHOTO/VIDEO)
Iranian currency rates for February 27
Remittances from Azerbaijan to Georgia show highest growth rate
Belarus considering possibility of supplying agricultural machinery to Turkmenistan
All news