Bank Of Baku

Previously owned home market retrieves

Previously owned home market retrieves
# 25 August 2009 14:14 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. There was a 19.2% increase in secondary housing market in Baku during July, said the Real Estate Market Participants.

According to the survey, there was a 38.6% month-on-month increase in new homes supply but the share of new homes dropped as previously owned home supply increased more rapidly .

Homes priced below average price ($1 345 per sq.m) accounted for 59.70% of the market.

Residential property exposure time decreased by 6 days to 105 days.
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