BAKU, Azerbaijan. April, 28. The average cost per square meter of housing in the primary market of Baku increased by 2.9 percent in March 2023 compared to the previous month, which is 23.47 percent more year-over-year, CEO of consulting company "MBA Group" Nusrat Ibrahimov told Trend.
“The price per square meter in the primary housing market in Baku was 1,878 manat ($1,104) in March 2023, and there were 826 offers overall (an increase over the previous year of 13.31 percent and a decrease over the previous month of 9.33 percent),” he said.
He noted that the real estate prices will continue to grow (by about 1-1.5 percent) in April 2023.
The average cost per square meter of housing in the primary market of Baku was 1,825 manat ($1,070) in February 2023, and there were 911 offers overall.
MBA LTD, the consulting and evaluation company, which has been registered since March 2008, provides consulting and marketing services in various sectors of the economy. During this period, the company passed international certification in the field of marketing and appraisal activities, creating a vast business network. The company's specialists also act as trainers at organized courses on marketing, business organization, legal services, real estate activities (buying and selling real estate), and valuation.
