![How Much Is Land in Baku?](https://turan.az/resized/media/2015/main/061800120058-750-500-resize.webp)
In May, the most expensive land in the capital is put up for sale in the Narimanov district - the owner actually requested $200,000 for 0.01 hectares - one hundred square meters (under construction of a high-rise building). This is not a speculative price because now it is the most promising and popular land for settlements. Construction companies erect housing and commercial facilities there.
With regard to the average market price of one hundred square meters of land (Baku and Absheron district), in May, it was at $ 16,062 (+ 1.5%). Lands on exposure in the land market were exhibited for an average of 187 days (+ 1 day to the April index).
In the capital, the largest increase in the average cost of 0.01 hectares of land was recorded in Garadagh (+ 13.5%) and Binagadi (+ 10.6%).
While in March-April, the cheapest land was offered in the Khazar district, now mass construction has pushed it from the list of outsiders, and it was replaced by the Surakhani district ($ 760 per hundred square meters). We are talking about bargain prices, without the cost of notarization and building permits from the local authorities. --17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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