OREANDA-NEWS.  February 06, 2012. Real property market of Baku reduced by 0,2% in January and by 3.9% during a year.

General director of MBA Group Consulting Company Nusret Ibrahimov has reported that state of market in Baku does not change yet and on the whole is estimated as stable.

" Prices at primary housing market in January fell by 1.3%- from USD 855 per sq m  to USD 844 and increased by 5.8% in a year. At the secondary market prices rose by 3.6% in January- from USD 1.380 to USD 1430 (rise by 6.8% during a year)",- N. Ibrahimov said.

In his words last month land market in Baku fell in price by 0.1% - from USD 20.191 per hundred sq m to  USD 20.167, and rose in price by 9.6%. At the commercial facilities market prices fell by 1.4%- from  USD 3.050 per sq m to  USD 3.014 (prices fell by 6.7% during a year).

" In January housing rent market fell in price by 2.2%- from USD 686 to USD 671 and prices remained stable during the year. At commercial facilities renting market the prices rose by 0.3%- from 20.6 to 20.66 (fell by 0.3% in a year)",- N. Ibrahimov said.