In the second quarter of 2016, housing prices in Azerbaijan declined compared with the first three months by 0.9%, the State Statistics Committee.
According to the observations of SSC in the primary market for this period of time there was some increase in prices (+ 0.4%), and the secondary market prices decreased by an average of 0.9%.
As the State Real Estate Register Service said, the activity in the secondary market, as a rule, is twice the indicator on the primary market of apartments.
In general, despite the decrease in activity in the apartment market, the primary market in the second quarter showed a 3.2% growth compared to the same period of 2015. Nevertheless, the total price for two segments of housing market showed negative dynamics (-4.9%). This trend is observed on the background of the general increase in prices for building materials, mostly imported. ---08D
Economics
-
Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
-
Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
-
Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
-
Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
Leave a review