...

Prices for Real Estate Climbs Up in Primary Market in June

Business Materials 29 July 2008 14:14 (UTC +04:00)

Azerbaijan, Baku, 29 July / Trend corr U. Ismayilova/ The prices for real estate increased by 3.1% in the primary market as for June 2008, the public organization 'Participants of the real estate' said.

The average price for one square metre in the primary market in Baku totaled $1,173.

Most of proposed flats made up five-rooms in the central first zone and one-room - in the third zone. Most proposed flats made up three-rooms in the primary market in Baku.

The average square of proposed flats in newly constructed buildings totaled 120.5 square metres, less by 0.3% than in May (120.5square metre).

A summary table shows flats, proposed in the market in June:

Rooms Number Average square index Share in % in total construction
1- room 10,232 58.7 15
2- rooms 20,520 92.7 31
3- rooms 26,320 135.7 40
4- rooms 7,642 180.4 13
5- rooms 755 233.8 1

The number of newly constructed buildings made up 555 and the number of construction companies - 212. Most of the newly constructed buildings were constructed the Yasamal District in Baku (24.9%). Building constructed in the Nasimi District makes up 20.7%, Khatai - 20.7%, Binagadi - 10.6%, Narimanov- 6.1% and Nizami- 5.6%.

Latest

Latest