"During the six months of this year, real estate prices in Baku rose by 5.34 percent, while housing prices increased by 15.4 percent. This growth will continue in the second half of the year, but at a relatively low rate.
For example, according to the results of the year we expect a rise in the price of housing by 3-4 percent, and in general the real estate prices will rise by 7 -- 8 percent. Serious price increase is expected in the commercial property market in the autumn months," Ibrahimov told.
According to him, the activity of the real estate market began to stabilize in late 2010 and has been increasing since then.
"The tendency of increase of both activeness and prices for real estate has been observed in the last three years. The tendency remains," Ibrahimov said.
Housing prices continue to rise in Baku
26 July 2013
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Home prices will continue to increase in Baku, MBA Group consulting company director general Nusret Ibrahimov said
