Prices of private, country houses in Baku increase

Finance Materials 27 January 2023 15:00
Baku, Azerbaijan Trend News Agency
Prices of private, country houses in Baku increase

The prices for private and country houses in Baku increased on average by 9.14 percent in December 2022 compared to the same period in 2021, the CEO of Azerbaijan’s MBA (Marketing, Business, and Analysis) Consulting Group company Nusrat Ibrahimov told Trend.

According to him, the growth in prices was 6.67 percent compared to November 2022.

"The average cost of renting one square meter of private and country houses in December 2022 totaled 943 manat or $554.7 (against 884 manat or $520 in November 2022 and 864 manat or $508 in December 2021)," said Ibrahimov.

According to Ibrahimov, the total volume of offers in the private and country house rental market in December 2022 increased by 11.27 percent compared to the previous month and decreased by 0.2 percent year-on-year, to 1,017.

MBA Consulting company was established in March 2008 and provides consulting and marketing services in various fields of economics. The company’s specialists act as trainers at courses organized on marketing, business formation, legal services, realtor activities (purchase and sale of the property), and valuation as well.