In August, prices for primary housing market remained unchanged

In August, in the primary housing market in the capital, prices remained unchanged. A similar situation occurred in the major cities of the country. According to estimates of the public association "Consumers property market," currently, the average price index is 802.3 manats per 1 sq. meter. Compared to the previous quarter, the prices fell by 2.3%, and compared to last year - by 4.1%. During the month, the most attractive areas of the capital were Yasamal, Khatai, and Nasimi.

Experts explain the stability in prices with seasonality, as in summer people prefer to relax, which is traditionally accompanied by a downturn in the market. Along with this the effect was produced by weak mortgage lending, as well as the discrepancy between the prices and the reality. All this has a negative effect on the activation of the primary housing market. We also have monopolization and artificial estimation.




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