The prices of new flats rose by 7% on the average in Azerbaijan in July 2008. They rose by 6.8% in Baku and its suburbs, by 5.7% in Sumgayit, by 7.4% in Mingechevir and by 6.3% in Gandja. The increase is mainly explained with the calculation of the sale prices in AZN and not in USD as before. The increasing prices of building materials and high inflation have also caused the prices to increase. The market experts believe the prices of new f...

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