According to the Azerbaijani State Statistics Committee, some 194,400 square meters of housing were commissioned in Azerbaijan in September 2016 compared to 157,880 square meters in September 2015.
Over 1.205 million square meters of housing have been commissioned in Azerbaijan since early 2016, which is by 9.2 percent less than in the same period of 2015.
|
Commissioned: |
Jan.-Sept. 2016 |
Compared to Jan.-Sept. 2015 (%) |
|
residential buildings, total area, thousand sq. m |
1 205,5 |
90,8 |
|
clubs |
560 |
200 |
|
secondary schools, number of educational facilities |
2 748 |
37,6 |
|
Funds directed to fixed capital, in mln manat |
10 268,7 |
69,6 |
|
Including: |
8 236,9 |
85,2 |
|
- for the construction of facilities in service sector |
1 591,5 |
41,4 |
|
construction and installation work |
7 313 |
68 |
Some 68.5 percent of the total volume of construction work accounted for primary construction, reconstruction and expansion, 11.7 percent - overhaul, 4.1 percent - current repair and 15.7 percent - other construction work.
Some 86.7 percent of the total volume of construction work was carried out by non-state construction companies.
Real estate market
According to MBA Group consulting company, the prices increased by 4.43 percent in US dollar equivalent on the real estate market in Baku in September 2016 compared to August 2016.
The prices increased by 2.76 percent in manat equivalent in September.
The prices increased by 3.77 percent in dollar equivalent and 2.11 - in manat equivalent on the secondary housing market for the month.
The prices decreased in manat equivalent by nearly 50 percent on the primary and secondary housing markets in 2015. The situation will change over time. This is a normal process. After the income increases and the economic situation gradually stabilizes, the population begins to adapt and the market gradually regains the lost positions.
But, nevertheless, a decrease is still observed on the rest real estate market segments.
The prices decreased by 4.96 percent in dollar equivalent and by 6.48 percent - in manat equivalent on the market of commercial facilities in September compared to August.
The prices on the land market decreased by 0.83 percent and 2.42 percent respectively.
Housing rent dropped by eight percent in dollar equivalent and 9.4 percent - in manat equivalent.
The prices decreased by 4.28 percent in dollar equivalent and 2.73 percent - in manat equivalent on the rental market of commercial facilities.
In general, the prices slightly increased in dollar equivalent - by 0.61 percent in the real estate market in September. The prices decreased by 1.1 percent in manat equivalent.
Construction material market
According to the Azerbaijani State Statistics Committee, the construction materials worth 251.6 million manat were produced in January-September 2016, or 16.2 percent less than in January-September 2015.
Azerbaijan produced 1.73 million tons of cement in January-September 2016 (a 16.3-percent decrease compared to the same period of 2015), 107,100 tons of gypsum plaster (a 27.1-percent decrease), the report said.
Azerbaijan also produced 355,600 tons of ready-mixed concrete (a 53 percent decrease), 63,000 cubic meters of precast concrete building structures (a 3.5 times increase), 5,490 tons of processed marble, travertine, alabaster and items made of them (a 41.3 percent decrease).
Some 194,400 square meters of housing were commissioned in Azerbaijan in September 2016 compared to 157,880 square meters in September 2015.
Over 1,205,500 square meters of housing have been commissioned in Azerbaijan since early 2016, which is by 9.2 percent less than in the same period of 2015.
