Individual construction attracts people more than the purchase of apartments in new buildings.
According to a press release from the Public Association "The market property" in January-July, while apartment prices were down over the month by 1%, the average cost of building materials in Baku increased by 0.14%.
According to the monitoring results of the sampling, covering 87 types of building materials, more than half of which (54%) of local production, the largest increase was in slate - 27.1%, drywall (gypsum boards) - 16.8%, plywood - 2.3%, glass - 0.4%.
Fittings produced in Russia fell by 0.2%, metal coatings - 0.5%, nails - by 0.1%, facing stone - by 0.3%.
Prices of other goods were stable in July, the association said. -17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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