Bank Of Baku

MBA Consulting Firm: Prices of building materials fell 1.9% in Baku

MBA Consulting Firm: Prices of building materials fell 1.9% in Baku
# 06 February 2009 15:16 (UTC +04:00)
Baku. Vugar Israfilov- APA-Economics. Prices of construction materials fell by 1.9% in January, said MBA Consulting Firm.
According to the surveys, home prices dropped by 0.7% in the secondary real estate market but the decline was 2.3% in the primary market. Besides, prices of land decreased 2.8% in January to $22 300 a 100 sq. m in Baku.
The consulting firm said rentals went down by 5% to $3 450 per sq m for commercial premises and $784 per sq. m for residential buildings.
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