New home prices drop 1.7% in Baku

New home prices drop 1.7% in Baku
# 22 January 2010 12:14 (UTC +04:00)
Baku. Rashad Suleymanov – APA-ECONOMICS. Prices of new apartments fell by 1.7% month-on-month in Baku during to $912/sq.m in December from $928/sq.m in November, said Property Market Participants.

According to survey, price index decreased 6 percentage points to 346.3 due to the evaporating demand for apartments

Average price increased in none of districts in Baku while declined most (3.2%) in Yasamal District.

The number of under-construction apartment buildings decreased to 439 in December.
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