The prices of new housing grew by 7.6% in Baku and near the city in Apr. 2006. Elhan Huseynov from the Property Market Participants NGO said the prices were growing both for new and second-hand houses, but the growth was not considerable. The increase in money supply in Azerbaijan certainly affects the prices. The construction of buildings in Baku leads to the demolition of old houses, which increases the demand for housing. Prosperous people mai...

Please login or subscribe to read more

Leave a review

Markets Review

Follow us on social networks

In Focus