Bank Of Baku

Secondary housing market falls to two-year low in Azerbaijan

Secondary housing market falls to two-year low in Azerbaijan
# 18 November 2008 15:57 (UTC +04:00)
Passive sales rate was a two-year low according to surveys. The property sale exposure period rose 6 days to 81 days.
Most homes were offered in Yasamal District (23%) and Nerimanov (20.2%).
Price index fell 8.3 points in October, as compared to a month ago.
Average price dropped 2.7% to the level reached in January, 2008.
The average price declined from $1 626/sq.m to $1 882/sq.m
64% of homes offered for sale were priced over the average price per sq.m.


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