Azerbaijan, Baku, 17 April /corr. Trend U.Ismaylova / In April the average prices for 1sq.m of housing area in Baku increased by 1.4% to $1091, public organization Participants of Real Estate Market reported.
Like previous months, majority of the newly constructed buildings fell on Baku's district of Yasamal. Yasamal is trailed by districts of Nasimi and Khatai.
In April the prices for the newly constructed buildings insignificantly increased in Baku's districts of Sabail, Khatai, Narimanov and Surakhani. The highest price rise in April took place in Sabunchu district - 6.6% due to increase in demand in this district.
In addition, the increase is explained through transfer from foreign currency to local currency.
According to the monitoring, 580 buildings were built in Baku by 216 construction companies.
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