OREANDA-NEWS. February 08, 2010. The Baku Interbank Currency Exchange (BBVB) reports that in January market indicators of real estate in Baku tended decreasing.

“Last month’s price index Azеri RЕI, reflecting dynamics of prices lowered by 2.5% to 294.4%. Thus, its change in January made up 0.2% and 12.7% year-on-year,” BBVB said.

Price index Azеri RЕI on Baku is calculated on the basis of selling price for all types of real estate from early 2002. Its calculation is carried out within the framework of joint project of BBVB and public association “Real Market Participants”.