In June in the capital and other major cities of Azerbaijan, the prices in the secondary housing market remained stable. According to calculations by the public association Consumers in the Real Estate Market, now the average price index of housing for one square meter is 976 U.S. dollars. In June, compared with previous months, the activity in the market declined and the number of transactions decreased. In the portfolio offers, the Yasamal, Nasimi, Narimanov and Khatai districts of the capital prevailed. Their share is over 75%. In June, also as in the past months, the situation remained the same with apartments. That is, the demand for 4 and 5-room apartments was small, there was even a recession. Demand increased for one, two and three-room apartments. In June the average price per room was 44,201 U.S. dollars, and the average price for an apartment was $ 111,104.
Specialists - mediators in the secondary housing market link the decrease in activity in the market mainly with the decrease in purchasing power. Experts at the same time believe that prices are still higher than normal market prices. In the coming days, the situation in the secondary housing market will remain stable.
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review