Gasification of buildings has increased the interest of potential buyers

In February, the demand for apartments in new buildings has grown, and the main reason for that is gasification. MOE for a few years has not allowed to gasify the structure under the guise of not performing contractors technical conditions of delivery of turnkey facilities. Buildings became unprofitable customers wait years resolution, and many of them have moved into the realtor business. After that, a government commission decided that the rules are observed, and the objects can be taken.

In 2012, the "first sign" was marked by the fact that the pipes are routed to 60 new buildings, and last year, "the process started." The State Oil Company of Azerbaijan (SOCAR) connected to the gas supply 149 multi-family buildings (30,374 apartments), which was the highest since 2008, market activity in the segment of primary residence.

Prices have the same - a one-room apartment not repaired 60 - 65 m. meters and Sabunchi Khatai districts pay from 25 000 to 30 000, for a two-room area of ??92 - 95 square meters - from 40,000 to 45,000 manat . Not renovated two-room apartments (132 - 140 sq. m.) are 59 500 - 65 000, four-room (183 - 190 sq. m.) - 82 000 - 90 000 manats, five-room ( 235 - 260 sq meters) - 105 000 -120 000 manats. Prices are average - in the village Bakikhanov Sabunchu applied coefficient of 1.3, and in the cities of Shirvan and Yevlah - minus 1.3. According to experts, for the satisfactory repair, followed by settling , these figures should be multiplied by 1.2 - 1.5 .

There is another reason for the activity in this segment. If, during the mass demolition of houses on the streets Fizuli, Badalbayli and Mirzaaga Aliyev in 2010-12 , people preferred secondary housing , in a subsequent resource dried up, and this is due to the fact that the owners of the apartments of the Soviet period and the "old buildings " rent housing for rent . So that the citizens of the former Soviet street , eviction which began in February , one way - either in new buildings on the outskirts of Baku.

The second option for most families resettled more real - many of them are registered on an area up to 20 meters, so that an award of compensation for the demolition (1,500 manat per square meter) does not allow citizens to buy property, even close to the " historic homeland " - in Yasamal and Sabail districts of the capital, because they are forced to acquire flats "under beacon" for sale on the outskirts, making repairs at their own expense. As a result of mass demolition of housing, prices in this segment rose in January, reflecting the trend of last year.

If at the beginning of last year, buyers bought the medium renovated apartment in an average of 810 manats per 1 m. meter, now preferred housing without repair at an average price of 450 manat per square meter. Actively built are the Khatai , Sabunchu , Pirallahi, Garadag and Binagadi districts of the capital, given the marked increase in individual buildings and in the provinces, especially in the cities of Ganja , Sumgayit , Shirvan , Guba and Yevlakh .

According to expert estimates, the volume of activity of buyers of new buildings in the city center fell by 80 %, but the wealthy citizens are buying apartments in the complex Yeni Hayat and Port Baku Residence in price from $ 5000 to 12,600 per square meter and above. There are even offering $ 130,000 per square meter. So in terms of money market in the center of Baku is not inferior to the periphery.

The greatest demand in January this year enjoyed two - room apartments in the capital. Then one-room apartments in the same third zone come. Smallest physical demand is five or more rooms housing a total area of ??235 to 400 sq. m in buildings (there is a large squaring one - two-storey development on an individual project).

Experts believe that the activity in the primary housing market, as well as high prices, provoked officials supervising the construction sector. Prices in this segment, as well as at the secondary housing market , inflated. The reason is that the oligarchs - officials invest in the construction of the so-called "easy" money earned not by private enterprise, and has allocated budget. Therefore, the market has no leverage affecting prices drop. - 17D-