BAKU, Azerbaijan, December 14. Renting private and country properties in Baku, Azerbaijan, rose in yearly terms in October 2023, the director of MBA Group consulting company Nusret Ibrahimov told Trend.
"The average cost of renting a house in Baku was 1,131 manat, or $665 (10.24 percent growth per month, 2.24 percent growth per year)," Ibrahimov said.
According to him, the total number of offers on the Baku rental market for properties climbed by 0.85 percent in October 2023 compared to the previous month and declined by 17.71 percent (to 474) year on year.
In addition, as of January 1, 2023, the average cost of renting a square meter of house in Baku was 6 manat ($3), with 445 proposals received.
