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 is set to host its Trade Forum on October 1, supported by “Pasha Holding” and jointly organized by the Small and Medium Business Development Agency (SME), Azerbaijan Customs representation, and the Logistics Companies Association.
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The inaugural Investment Forum on energy transition in Central Asia is set to take place on November 15-16 in Baku, Azerbaijan, organized by the International Renewable Energy Agency (IRENA) and Azerbaijan’s Ministry of Energy as part of the COP29 conference.
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At the advisory meeting of railway administrations held in Baku on September 19-20, Rovshan Rustamov, Chairman of Azerbaijan Railways CJSC (ADY), met with Ufuk Yalçın, General Director and Chairman of the Board of the Turkish State Railways Company "TCDD Taşımacılık." The meeting marked the second time this year that officials have discussed expanding railway transport cooperation between Azerbaijan and Turkey.
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The Center for Analysis of Economic Reforms and Communication (CAERC) has completed its monitoring and evaluation of the first half of the year in relation to the "I State Program on the Great Return to the Liberated Territories of the Republic of Azerbaijan." This state program focuses on restoring infrastructure and resettling displaced populations in areas that were reclaimed during the 2020 Nagorno-Karabakh conflict.
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