...

Prices on Real Estate in Baku Were Highest in Economic and Simple Category in 2006

Business Materials 15 February 2007 19:48 (UTC +04:00)

Azerbaijani appraisal company, Caspian Property, summed up the prices on real estate in 2006 by the classification of accommodation, Trend reports referring to the Company.

Accommodations of De Luxes and Elite classes are mainly located in the downtown of Baku, Business and Comfort вЂ" in the second zone (not far from the City Centre). Accommodations of Economic and Single classes are mainly constructed in the third and the fourth (suburbs of the City).

The prices mainly increased on Economic and Simple in 2006. The prices on accommodations in more prestigious parts of the City virtually remained unchanged in 2006 and made up (on average in 2006):

Class of Accommodation

Price in USD per 1 Square Meter

De luxes

luxes

2120

Elite

1200

Business

910

Comfort

654

Economic

480

Simple

360

Latest

Latest