Bank Of Baku

Land parcel price keeps dropping in Baku

Land parcel price keeps dropping in Baku
# 22 January 2010 14:05 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. The average price of parcel fell by 5.6% on month to $15 086 per 100 square meters in Baku in December, said Property Market Participants Union.

Out of the 817.3 hectares offered for sale, 76.9% were vacant areas and the rest were non-residential and previously used residential areas.

Parcel exposure time increased by 1.2% to 247 days.

In December, the highest price for land was in Nerimanov District ($200 000 per 100 square meters) and the lowest price was in Absheron District ($350 per 100 square meters).
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THE OPERATION IS BEING PERFORMED