During the fourth quarter of last year, prices for housing in Azerbaijan increased on average by 0.6% .The growth rate of prices in the primary housing market in October-December was ahead of the secondary market by 0.3%, according to the State Statistics Committee.
According to SSC estimates, in the fourth quarter of 2014, prices for apartments in Azerbaijan increased by 10.1% compared to the same period in 2013. In annual terms, the primary market apartment prices rose by 9.1%, while the secondary market prices rose even more - 10.1%.
Moderately rising are prices for apartments in luxury buildings, where unrepaired area is offered at 1,500 manat and more per 1 square meter. In new buildings such apartments rose at an annualized rate by 3.8%, while in the secondary market they rose by 5.8%. 08D
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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