Bank Of Baku

Average home price fell 3% in Azerbaijani capital in December

Average home price fell 3% in Azerbaijani capital in December
# 15 January 2009 13:38 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. The number of under-construction buildings decreased 12 units during November to 555 in Baku.
Property Market Participants Public Union said 206 construction companies were constructing buildings in Baku.
Most of the buildings are being built in Yasamal District.
The average price of an apartment decreased 3.1% on month to $1 130/sq.m from $1 167/sq.m. The price index fell 13.8 points to 428.9.
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