Residential construction falls by 10% (UPDATED)

2014 July 22 (Tuesday) 13:28:53

Since the beginning of the year  6142  flats were commissioned in Azerbaijan, 22% less than  in the same period of  2013. The volume of housing construction this year amounted to 824.600 square meters.   The area of  housing construction  reduced by 10%,  the State Statistics Committee told Turan.  With public funds were built 44.100 square meters of housing. Last year the state has 174.900  square meters of housing. It is basically flats for the displaced and disabled of the  Karabakh war.

The pace of the individual building remains the same. In the first half of this year, the population  built 780.500 square meters of  housing, which is by  6.4% more than in the same period last year.

It is noteworthy that this year  the State Commission  has not  accepted yet  for operation  a single high-rise building, built by private companies.

Investment in residential construction in the first half of this year amounted to 457.8 million manat. Funding declined by 0.9%. --08D---