Bank Of Baku

Prices of construction materials drop by 47% year-on-year in Azerbaijan

Prices of construction materials drop by 47% year-on-year in Azerbaijan
# 14 April 2009 14:45 (UTC +04:00)
Baku. Vugar Israfilov – APA-Economics. As opposed to a month earlier, prices of construction materials went down by 5.5% on average in Baku during March 2009, said the Public Union of the Real Estate Market Participants.

The year-on-year drop in prices was 46.6% as prices started to decline globally.

According to surveys of 85 types of construction materials, there was a decline in prices of 33 products, steady prices in 51 products and an increase in the price of only 1 product.

The global financial crisis pushed down prices of imported and homemade materials.
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