Prices for timber increase by 22.7 percent in Baku

Azerbaijan, Baku, Sept. 25 / Trend A.Akhundov /

In August, prices for construction materials in Baku increased by 4.7 percent compared to July, the NGO Property Market Participants said.

Experts of the organization researched 38 items on 88 varieties of building materials. An increase in prices was observed on 35 building materials and decrease- only on one.

The price for plastic pipes fell by 0.32 percent. Prices for other types of construction materials remained stable. Some 54.55 percent of materials were produced in the local market and 45.45 percent - imported.

In August, the price difference amounted to 1.7 percent compared to the previous quarter, 21.4 percent compared to January and 16.9 percent increase in prices compared to the same period of 2009.

Purchase passivity observed in the market in recent months has been replaced by increased activity in the sale of certain construction materials.

"The decline in imports of timber materials from due to the forest fires, as well as repair and construction work ongoing in the Sabirabad and other regions affected by fires, caused shortages of these types of materials, which led to sharp price increases for these products," the organization reported.

The following construction materials increased in prices (in percentage):

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