Will prices of rented housing decrease?

12:06 - 2.06.2023

June 2, Fineko/abc.az. In summer, prices for most rented apartments may decrease markedly.

ABC.AZ reports that property expert Nofel Guliyev said that students living in districts of Azerbaijan, after passing the exams, will hand over rented apartments to the owners, which will lead to lower prices for them.

According to the expert, in the summer you can even find an apartment for rent for 350 manats.

He added that the decrease cannot be attributed to all apartments. As some homeowners are not interested in signing a lease agreement because of low prices in the summer months. There is a reason for this, too.

In many cases, homeowners are not interested in renting housing to college guys. Therefore, a certain part of them stays in the capital on vacation and works on seasonal jobs.

The expert says that the decline in prices for rented apartments will last until September. But there is a chance that from September housing will rise in price again by 20-30%.