Prices at Baku primary housing market fell by 30%
Baku, Fineko/abc.az. Last month the prices at the primary market of Baku decreased by 0.3%.
Public Organization "Property Market Participants" reports that the market was proposed only one new building and another one left the market fully in December 2011.
"With the reduction in prices by 0.3% the price of housing square meter at the primary market reached 825.2 manats against 827.7 in November 2011. By January 2011 the prices fell by 2.7% and by the beginning of the crisis period (September 2008) by 30.9%," it was informed.
PMP says that in December 2011, as well as during previous months, in the primary housing market most of the supply consisted of 3-room apartments. The 5-room apartments were mostly offered in the central 1st zone of the city and 1-room apartments in zone III of the capital. Floor space of 1-room apartments in December last year was on average 60.7 sq m, 2-room ones - 92.1 sq m, 3-room ones- 131.8 sq m, 4-room ones - 182.9 sq m, 5-room ones - 238.3 sq m.
Tags: primary housing market
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