Price increases were observed in the Baku property market last month.
The Center for Economic and Social Development (CESD) informed Trend about this.
The price of private houses and land was observed to have increased by 2.1 percent compared to the previous month. An increase in demand was recorded for both residential buildings and non-residential areas.
There was a monthly price increase of 2.7 percent in non-residential areas. Residential housing prices increased by 1.9 percent. Rental prices for residential apartments increased even more – by 4.1 percent.
It should be noted that in August 2024, the consumer price index will be 103.5 percent compared to August 2023, including 103 percent for food products, beverages and tobacco products, 101.8 percent for non-food products, for the population 105.6 percent of paid services. provided. In August 2024, the consumer price index was 100.4 percent compared to the previous month, and in January-August it was 101.3 percent compared to the corresponding period of the previous year.
