Bank Of Baku

Elite apartments cheapened 7% in Azerbaijan year-on-year

Elite apartments cheapened 7% in Azerbaijan year-on-year
# 18 October 2012 10:36 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. In Q3, 2012, prices in housing market of Azerbaijan rose 1% compared to previous quarter and 2.5% from a year earlier.

State Statistical Committee told APA that prices in primary housing market soared 0.8% compared to previous quarter and 1.9% from a year earlier. Prices in secondary housing market rose 1% compared to previous quarter and 2.6% from a year earlier.

Price of elite apartments went up 0.3% in Q3, but cheapened 6.5% compared to last year.
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