Bank Of Baku

Nonresidential real estate price drops 2.8% in Baku, March

Nonresidential real estate price drops 2.8% in Baku, March
# 23 April 2009 13:17 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. The average selling price of non-residential real estate objects dropped by 2.8% in Baku during March while rent price fell 1.9%, said Property Market Participants Union.

According to the survey, the average price of a nonresidential real estate object contracted from $3 278 to $3 186/sq.m.

The price was 6.8% down from the previous quarter and down 10.1% from a year ago.

Besides, exposure time rose by 3.2% during March.
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