OREANDA-NEWS. June 29, 2009. Dynamics of decline of sale and purchase agreements at the market of non-residential area in Baku continued in May 2009.

Public association “Real Estate Market Participants” informs that within the last month average prices for purchase of sites of commercial purpose reduced by and prices for rent of these sites by 1.2%.

“In May exposition period increased by 2%. The level of risks grew as well,” it was reported.

Average price of 1 sq m of non-residential area for the last month decreased to \\$3,065 (on supply).

“On the basis of the survey it was established that for the passed quarter prices fell by 6.5% and for the passed year by 15%,” the Association says.