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 |