The average monthly housing rent in the capital in December was $ 845 (662 manat or minus 12.9% compared to November).
According to Nusret Ibrahimov, head of the consulting company MBA Group, for the year the average cost of rent apartments in Baku on average increased by 10.2%. The cost of rent per square meter in December was $ 11.6, an increase compared to November last year amounted to 1.13%, and from December 2013 - 2%.
Last December, the proportion of expensive housing (rental price above $ 1 thousand per month) in the portfolio of proposals was 28.1%, the average apartment (from $ 500 to $ 1,000) - 52.92%, cheap apartments (less than $ 500 per month) - 18.98%.
The number of transactions on tenancy decreased in December to 1.38% - up to 143. According to experts, the situation is familiar - the market is saturated, and the fall in demand will occur until July, when there will come the regular season of influx of students and school leavers, who want to enroll in universities. --17D--
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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