Bank Of Baku

Real estate appreciates 25% in Baku

Real estate appreciates 25% in Baku
# 15 March 2007 16:26 (UTC +04:00)
The price of the immovable property climbed 25% on average in Baku during 2006.
Arif Garashov, Chairman of the State Real Estate Registry Service said the tendency is not similar in all the regions of the country, APA-Economics reports.
“The price of land is going up in some regions while there is no interest in real estate in some areas,� he noted.
He said the property cost is high in Baku in proportion to the material and energy prices rise in the country. /APA-Economics/
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