Housing at Baku primary market continues becoming cheaper
Baku, Fineko/abc.az. Prices at the primary housing market of Baku fell by 0.2% in May - to 819.9 manat per sq m.
Public Organization "Property Market Participants" informs that the prices fell by 2.3% versus 2011, by 3.3% against early 2012, and by 31.3% versus the beginning of the crisis period (September 2008). By the start of the crisis the price of sq m was 1,194 manat.
"Last month the share of apartments at a price of 500-600 manat per sq m in the market portfolio increased. Most of the new buildings were proposed in May in the Yasamal (array Yeni Yasamal), Khatai and Nasimi districts of Baku, which make up two thirds of the total portfolio," it was reported.
Other districts of Baku did not observe any serious changes in the volume of construction work.
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