Bank Of Baku

Prices of construction materials fell 34% in Azerbaijan’s capital

Prices of construction materials fell 34% in Azerbaijan’s capital
# 13 January 2009 15:30 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. As opposed to a month earlier, prices of construction materials went 15.4% down on average in Baku during December 2008, said the Public Union of the Real Estate Market Participants. Prices were down 34% on early 2008 and 33.8% on 12 months ago.
According to surveys of 82 types of construction materials, there was a decline in prices of 51 products, steady prices in 31 products and an increase in prices of none of products. The global financial crisis pushed down prices of imported and homemade materials.
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