Azerbaijan Built 50.4% More Apartments

For seven months of this year in Azerbaijan there were commissioned 10,176 apartments, which is 50.4% more than in the comparable period of 2012. The government funded the construction of more than 39% of new apartments, the State Statistics Committee told Turan.

Since the beginning of the year by public funds (state-owned enterprises, the State Oil Fund) has been built and delivered to the use and ownership of citizens 4002 apartments with a total area of ??315,844 square meters. The area built by the state apartments this year increased by 4 times. The majority of these apartments (190,239 sq m) were built to order the Social Development Fund IDPs.

This year, until the commissioning of apartments in high-rise buildings is still insignificant. But the population continues to fund the construction of private housing. In January-July 2013 was built 6054 individual apartments with a total area of ??865,800 square meters. m (2.6%).

In total this year was commissioned apartments with a total area of ??1,181,000 square meters. m, which is 28.1% more than in the comparable period of 2012.

In 2012, Azerbaijan was commissioned 2,146,781 square meters. meters of housing, which is 5.6% higher than in 2011.

According to realtors, the average cost of an apartment in Azerbaijan is about AZN 400 / sq.m. This corresponds to the average monthly wage. The level of mortgage financing the purchase of apartments does not meet the needs for housing, and government and commercial mortgage rates are high. Construction of apartments in a corrupt government is a form of illegal investment. In Baku, are ready to receive dozens of high-rise residential buildings that are closed sale. - 08B-