BAKU, Azerbaijan, October 7. Prices for rental apartments increased in Azerbaijan’s Baku in August 2022, Director of MBA Group consulting company Nusrat Ibrahimov told Trend.
The average cost of renting apartments in Baku was 785 manat ($461), an increase of 3.06 percent compared to the previous month (739 manat -$434) and by 1.29 percent - year on year (775 manat- $455).
"The average cost of renting commercial facilities in Baku amounted to 3,957 manat ($2,327), a decrease by 3.06 percent (4,182 manat - $2,460) over the month, and an increase by 25.54 percent (3,152 manat - $1,854) over the year. As for the prices for renting private and country houses in Baku, the average rental price of a private and country house amounted to about 1,588 manat ($1,934) in August 2022. On an annualized basis, this figure decreased by 14.53 percent (1,858 manat - $1,092), and over the month - by 6.75 percent (1,703 manat - $1,001)," Ibrahimov said.
