Bank Of Baku

Prices of construction materials drop by 35% in Azerbaijan’s capital

Prices of construction materials drop by 35% in Azerbaijan’s capital
# 13 February 2009 15:13 (UTC +04:00)
Baku. Vugar Israfilov – APA-Economics. As opposed to a month earlier, prices of construction materials went down by 0.8% on average in Baku during January 2009, said the Public Union of the Real Estate Market Participants.
The year-on-year drop in prices was 35.1% as prices started to decline globally.
The price index decreased by 0.7% to 104.4 points in January.
According to surveys of 85 types of construction materials, there was a decline in prices of 29 products, steady prices in 43 products and an increase in prices of 13 products. The global financial crisis pushed down prices of imported and homemade materials.
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