Bank Of Baku

Prices of construction materials increase in Azerbaijan

Prices of construction materials increase in Azerbaijan
# 05 June 2009 13:52 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. As opposed to a month earlier, prices of construction materials went up by 5.8% on average in Baku during May 2009, said the Property Market Participants.

Price index increased by 5.4 points to 98.5 points.

However, prices were 5.7% down from early this year and 44.5% down from a year ago.

According to surveys of 87 types of construction materials, there was a decline in prices of 13 products, steady prices in 56 products and an increase in the prices of only 18 products.

The optimistic expectations, oil price rally and stock market upswings pushed prices up, said the report.
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