Review of construction sector in Azerbaijan (january-july 2016)

According to the Azerbaijani State Statistics Committee, in January-July housing commissioning decreased by 14.5 percent from year to year.

Some 121,100 square meters of housing were commissioned in Azerbaijan in July 2016 compared to 213,700 square meters in June 2016 (the best index in 2016) and 168,800 square meters in July 2015.

Some 888,700 square meters of housing have been commissioned in Azerbaijan since early 2016 compared to 1.039.2 million square meters in the same period of 2015.


Jan.-July 2016

Compared to Jan.-July 2015 (in %)

residential buildings, total area, thousand sq. m





by 2 times

secondary schools, number of educational facilities



Funds directed to fixed capital, in mln manat



- for the construction of production facilities



- for the construction of facilities in service sector



construction and installation work



Some 68.5 percent of the total volume of construction work accounted for primary construction, reconstruction and expansion, 11.8 percent - overhaul, 3.9 percent - current repair and 15.8 percent - other construction work.

Some 88.1 percent of the total volume of construction work was carried out by non-state construction companies.

Real estate market

The prices increased by 0.08 percent on the real estate market in Baku in July 2016 compared to June 2016. The market prices increased for the first time for a long time, but nevertheless the prices greatly decreased compared to early 2016.

The prices decreased by 25.58 percent compared to early 2016, while by 29.1 percent compared to July 2015.

According to the expert, the market prices increased following an increase in commercial facility prices, as well as the rental price for real estate and facilities.

The prices increased by 3.61 percent on the market of commercial facilities in July.

Thus, the prices have decreased by 16.8 percent since early 2016 and by 20.16 percent compared to July 2015.

The prices increased by 1.2 percent on the rental market for the month, while by 7.82 percent on the market of rental facilities.

The prices decreased by 29.2 and 26.44 percent respectively compared to July 2015.

The prices on the primary housing market, the secondary housing market, as well as the land market decreased by 1.71 percent, 2.21 percent and 0.41 percent in July respectively.

Construction material market

According to the Azerbaijani State Statistics Committee, the construction materials worth 188 million manat were produced in January-July 2016, or 21.3 percent less than in January-July 2015.

During this period, Azerbaijan produced 1.283.8 million tons of cement (a 20.8-percent decrease for the year), 75,200 tons of gypsum plaster (a 30.2-percent decrease), the report said.

Azerbaijan also produced 284,200 tons of ready-mixed concrete (a 53.6 percent decrease), 36,500 cubic meters of precast concrete building structures (a 2.9 times growth), 3,110 tons of processed marble, travertine, alabaster and items made of them (a 56.9 percent decrease), 35,030 tons of building blocks and cement bricks, artificial stone bricks and concrete bricks (a 60 percent decrease).

Italy sees marginal decline of cement import from Turkey
Italy sees marginal decline of cement import from Turkey
Turkey reveals data on cargo deliveries to Germany
Turkey reveals data on cargo deliveries to Germany
Ukraine looking into importing gas via Southern Gas Corridor
Ukraine looking into importing gas via Southern Gas Corridor
Loading Bars
Iran reveals volume of wheat purchased from farmers
Azerbaijan sees growth in retail trade per capita
Iran announces number of dams under construction
Uzbekistan expands supply chain of wild cherries
Azerbaijan increases import of cars two-fold
Italy sees marginal decline of cement import from Turkey
Mudflow protection infrastructure to be built in Turkmenistan
Uzbekistan reveals amount of its transport sector losses due to COVID-19
Turkey reveals data on cargo deliveries to Germany
Azerbaijan records big boost in production of cars
Uzbekistan detects 81 new COVID-19 cases
Malaysia reports 187 new coronavirus cases, no new deaths
President Ilham Aliyev: Azerbaijan is ready for new technologies, innovations
Iran discloses volume of cargo transported by land
Iran reveals its COVID-19 data for May 26
Azerbaijan sees growth in manufacturing of dairy products
India coronavirus cases rise as millions return home
Ukraine looking into importing gas via Southern Gas Corridor
Turkmenistan to take part in meeting of Council of CIS Heads of Government
Kazakhstan's electric power distributing company to buy cables via tender
Kazakhstan's ministry forecasts livestock production increase
Iran’s product export increases via Tamarchin customs
Iran's Chabahar-Zahedan railway’s sections to be put into operation
Azerbaijan may supply hydrocarbons to Europe through Ukraine, says economic adviser
Azerbaijani companies could be engaged in Ukraine’s oil and gas fields’ dev’t: economic adviser
Turkmenistan, Turkey discuss cooperation in trade, economic sectors
Azerbaijan's AIA: Local Bonus-malus system needs serious review
Kazakhstan's monetary base down, latest data says
Tea farmers in Iran earn more as sales to state increase
Azerbaijan may change compulsory car liability insurance rates
Volume of non-bank deposits up in Georgia
Solar panel stations commissioned in Iran's Ardabil Province
Singapore cuts 2020 GDP outlook again as virus batters economy
Ukraine's cargo transportation to Turkey increases
Iranian currency rates for May 26
Turkey records decrease in incoming tourists from Kazakhstan
China’s gasoline demand to return to last year’s levels soon
Turkey's export of goods to China cut almost in half
AzerGold opens tender to buy catering services
Turkey records drop of leather products export to Russia
Rouhani: Iran needs to realize all oil, petrochem projects as soon as possible
Masks too dangerous for children under two, Japan medical group says
Armenia violates ceasefire with Azerbaijan 26 times
Iranian president orders to accelerate railway, road projects
Weekly review of Georgian capital market
Revenues of Georgian Oil and Gas Corporation up
Georgian PM extends Ramadan congratulations to Muslims
Expert talks advantages of Iran's housing trade done via Mercantile Exchange
Public transport service may be resumed in Tbilisi in June
Regional Manager: IFC co-ops with Uzbekistan on planning of future projects
French tennis federation to set aside nine million euros to support professional circuit
Aussie police arrest pair over 400kg of meth stashed in hot sauce shipment
Brazil's Bolsonaro says he expects top court to end probe into his conduct over police
Japan gives up approving Fujifilm's Avigan drug for COVID-19 by May-end
5.2-magnitude quake strikes north of Levin, New Zealand
Singapore cuts 2020 GDP outlook for third time as virus batters economy
More African countries should heed UN call for global ceasefire: Guterres
Spain revises coronavirus death toll down by nearly 2,000
Siemens to initially keep 45% in Siemens Energy after spin-off: sources
Small aircraft crashes in Rome, one passenger missing
WHO suspends hydroxychloroquine, chloraquine trials as COVID-19 treatment
Second Iranian oil tanker enters Venezuelan water
Regeneron to buy back $5 billion stake held by Sanofi
Polish health minister denies wrongdoing in procurement spat
President Ilham Aliyev, First Lady Mehriban Aliyeva view restoration and conservation works at Pir Omar Sultan shrine in Shamakhi (PHOTO/VİDEO)
President Ilham Aliyev, First Lady Mehriban Aliyeva attend opening of orphanage-kindergarten No2 constructed on initiative of Heydar Aliyev Foundation in Shamakhi (PHOTO/VİDEO)
President Ilham Aliyev, First Lady Mehriban Aliyeva view conditions created at multi-apartment buildings constructed in Shamakhi (PHOTO/VİDEO)
President Ilham Aliyev, First Lady Mehriban Aliyeva view transport vehicles and special machinery allocated to Shamakhi district (PHOTO/VİDEO)
No alternative to renewable energy
Former UK PM Tony Blair questions Trump's leadership in coronavirus pandemic
Bosnian Premier League among worst in world for coach stability: survey
Philippines posts five new coronavirus deaths, 284 infections
Azerbaijan's E-PUL payment system grows user base, prepares new project
Azerbaijani Compulsory Insurance Bureau talks priorities in insurance market
Azerbaijani president, first lady view renovation work done on Pirsaat Baba shrine in Shamakhi (PHOTO/VIDEO)
Official talks latest status of Iran-India contract on Chabahar port
Iran expects domestic wheat production to reach 14 million tons
Iran to sell debt securities, to make up for budget deficit
Azerbaijan detects 149 new COVID-19 cases
Production of shoes surges in Azerbaijan
BSTDB, Development Bank of Austria to finance SMEs in Azerbaijan
Azerbaijani President Ilham Aliyev, First Lady Mehriban Aliyeva arrive in Shamakhi district (PHOTO/VIDEO)
TAP updates on compressor and metering stations
TAP: Offshore section not fully completed yet
Azerbaijan’s Finex Kredit talks about expansion of lending in agriculture
Kazakhstan cuts time on issuing certificates on import of perishable goods
Kazakhstan reveals state-backed funding measures for SMEs
Chairman of Kazakhstan’s Nuclear and Energy Supervision Committee appointed
Kazakhstan's Altynalmas starts commissioning its new gold recovery plant
National Iranian Oil Company reveals its debts to banks
Azerbaijani president congratulates Georgian president
Kazakh Tengizchevroil evacuates employees from field to prevent COVID-19 spread
Azerbaijani Agricultural Insurance Fund talks about shares of companies
Kazakhstan's Mangystaumunaigas oil&gas company reports net income decrease
Kazakhstan sets ceiling retail prices on commercial gas
Turkmenistan to establish Reserve Currency Fund
Geostat: Number of Georgian travelers taking trips abroad declines
Enhancing Ramsar Airport now allows Iran to receive bigger aircraft
Average monthly income up in Georgia
Iran to commission over 20 airport infrastructure facilities
All news