Azerbaijan, Baku, April 21 / Trend U.Ismayilova /
In February, prices for commercial buildings in Baku decreased by 0.1 percent, rent of commercial buildings - by 0.2 percent, the public organization "Participants of property market" said.
The average price of a non-residential facility amounted to $2,890 in Baku in March compared to $2,985 per square meter in February. Compared to of the previous quarter the prices decreased by 0.3 percent and the same period last year - by 3.9 percent.
Prices in I and II zones of the city grew by 0.2 and 0.3 percent, respectively, and in the III and IV zones- decreased by 0.6 and 1.1 percent, respectively.
The significant rise in prices was observed only in Garadagh district of Baku by 0.2 percent. The most significant decline was in Yasamal district by 0.8 percent.
Proposals on the market increased by 1.2 percent. Despite the process of stabilization of prices in this market segment, the growth period of an exhibition of objects continued, which caused additional increase in the level of risk.
The share of commercial buildings, proposed on the market below the average price ($2,980 per hundred sq/m) amounted to 53.8 percent of the market portfolio.