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Decrease at secondary apartment market of Azerbaijan continues

24 December 2010 12:27 (UTC +04:00)

According to PU, the volume of suggestions at apartment market rose 1.5% and average prices slipped 2% from year earlier.

According to monitoring, the price index of apartments on city at secondary market has decreased by 2% in accordance to price.

Besdies, the research indicates that, most of apartments on secondary market are put up to sale to meet the needs of apartment propetiors. The gwoth of exposition term influences on apartment price, negatively.

In November, most attractive districts for activity index were Khatai, Yasamal, Binagadi and Narimanov. The most important features of these regions was being more useful for mortgage loans.

In November, the price index at secondary market decreased by 2 points to 196.7 points.

According to researchs, the offers rose 1.54% and as the result, the number of apartments offered for sale reached 7 000.

Shares of Yasamal, Nasimi, Narimanov and Khatai Districts in offer portfolio made majority and their total share made 79.6%.

Number of 3, 4 and 5-rooms apartments decreased in November.

Price index declined 2 points in November. Average price decreased by 2% to $ 1 077 mÂ².