BAKU, Azerbaijan, December 29. Prices for renting private and country houses in Baku decreased in November 2023 year-on-year, the CEO at Azerbaijan's MBA (Marketing, Business, and Analysis) Consulting Group Nusrat Ibrahimov told Trend.
"The average cost of renting houses in Baku amounted to 1,044 manat ($614), down 7.69 percent for a month, and 14.14 percent less for a year," Ibrahimov said.
According to the CEO, the total amount of bids on the capital's rental market for properties in November 2023 grew by 2.11 percent in monthly terms and lowered by 10.7 percent year on year to 484.
The average cost of renting a square meter of house in Baku as of January 1, 2023 was 6.36 manat ($3.7), with 445 proposals received.
