State Committee on Statistics published price indices in the housing market in the first quarter of this year, according to which the observed dynamics of the price increase, as against the previous quarter (+1.6%) and the same period of 2012 (+2.5%).
An identical trend of rising prices SCS recorded in the secondary housing market. The prices for luxury apartments for the year has not changed, and for the fourth quarter of 2012 was recorded certain dynamic (+0.4%). In this segment of the market the most popular are flat and without repair of the same type, whose prices rose year on year by 3.1% and 3.4%.
In the primary market housing the price index in the first quarter, was down from the previous quarter by 0.7%, while year-on-year growth rate is 2%. Monitoring by SCS found that for the year prices rose mainly on luxury buildings (+2.8%) and well-designed (+5.3%). Prices for apartments on average rose at an annual rate of just 0.5%. - 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