Old apartments go down in Baku

Old apartments go down in Baku
# 27 July 2012 14:17 (UTC +04:00)
Decrease of purchase and sale was related with seasonal factors, and weakening of mortgage crediting.

According to activity index in June, the most attractive regions were Khatai and Yasamal Districts due to nearness to city and suitable prices to mortgage conditions.

The researches indicate that, the interest to these apartments continued to deepen due to destruction of opuses in here.

According to researches in June, the supply increased and number of apartments for sale in the market exceeded 7,600. Share of Yasamal, Nasimi, Narimanov and Khatai made majority and totally made 78.7%.

Average price in June dropped 0.4% to 986$/m².

Average price of apartment made $111,207, average sale price of per room - $44.256.
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THE OPERATION IS BEING PERFORMED