BAKU, Azerbaijan, September 15. Prices for renting private and country houses in Azerbaijan's Baku increased in July 2023 in annualized terms, the director of MBA Group consulting company Nusret Ibragimov told Trend.
"The average cost of renting houses in Baku amounted to 1,796 manat, which is $1,056 (10.32 percent growth for a month, 13.1 percent for a year)," Ibrahimov said.
According to him, the total volume of offers on the rental market of houses in the capital in July 2023 increased by 4.34 percent compared to the previous month and, in annual terms, decreased by 15.57 percent (to 385).
Also, as of January 1, 2023, the average cost of renting a square meter of houses in Baku was 6 manat ($3), and the total volume of offers was 445.
