Bank Of Baku

Sale prices in newly-constructed buildings are increased artificially in Baku

Sale prices in newly-constructed buildings are increased artificially in Baku
# 29 December 2010 13:06 (UTC +04:00)
Executive Director of Property Market Participants PU Ramin Osmanov said: “Construction Companies try to prevent the reducing of the prices and they can still achieve it”.

As the result, the prices of newly-constructed buildings don’t meet the reality.

He says that, maximum price of apartments at high quality must not be above AZN 1500.
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