OREANDA-NEWS. January 10, 2013. The housing market will ensure this year the development of the real estate market of Baku.

Consulting company MBA Group’s general director Nusret Ibrahimov says that as well as in 2012 this year the growth of the real estate market will be provided due to the housing market.

"According to forecasts, the Baku real estate market will increase by 5-6% in the current year, the housing market by 6-7%, the land market by 1-2%, the market of commercial properties by 4-5%," Ibrahimov said.