BAKU/08.01.10/TURAN: Second-hand flats became 2% cheaper on average in Baku and its suburbs in December 2009. The prices changed as follows in 2009: -5.7% in January, -9% in March, -10.4% in April, -1.6% in October, +11.7% in June, and no change in the other months. The decrease was mainly explained with the global financial crisis, the decrease in the population’s purchasing capacity and the problems with sale on credit. The market’s b...

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