BAKU, Azerbaijan, April 16. The price of registered land plots has risen by 10 percent from February this year to the present time, real estate expert Ramil Osmanli told Trend.
He noted that the rise in prices is related to the construction season.
"Citizens prefer to buy land mainly in Masazir, Khirdalan, Jeyranbatan, Ramana, Amirjan, Mardakan, Shuvalan, Pirshagi, and Zagulba to build private residential houses. Prices may fluctuate depending on the settlements and villages of the capital," he said.
The expert noted that the price per hundredth of land in the outskirts of Mardakan settlement varies from 10,000 to 30,000 manat (from $5,882 to $17,647).
"In Bilgah, one hectare of land costs 50,000 manat ($29,411) in some places. In Pirshaghi, Zagulba, and Novkhani, the price per hundredth varies between 7,000 and 15,000 manat ($4,117 and $8,823). In other places, the price per one hundred meters starts at 5,000 manat, or $2,941. All these prices refer to registered land plots. The cheapest land plots are located in Turkan settlement. The price per one hundred meters of land there varies between 3,000 and 5,000 manat ($1,764 and $2,941).
The most expensive land plots are offered for sale in the areas located in the center. Depending on the area, the price per one hundred meters varies within 100,000–500,000 manat or $58,823–$294,117. The most expensive land plots are located in Sabail and Nasimi districts," he said.
