Property for sale in Azerbaijan
Azerbaijan is a former Soviet Republic, a state bordered by the Caspian Sea and the Caucasus, straddling Asia and Europe. It borders the Caspian Sea to the east, Russia to the north, Georgia and Armenia to the west and Iran to the south. The capital, Baku, is famous for the medieval fortification of the Old City, which houses the Palace of the Shirvanshahs, a royal residence dating back to the fifteenth century, and the ancient Tower of the Virgin, which dominates the city skyline.
If you are interested in property for sale in Azerbaijan it is better to read our report about its real estate market. The construction sector, both for residential properties, offices and hotels, infrastructure and properties for sale in Azerbaijan offers significant investment opportunities, thanks to the ambitious objectives of the Azeri government. The construction sector has been a driving sector for the Azerbaijan economy until the crisis, in fact it was a demonstration of its increasing percentage contribution to the country's GDP, going from 8% in 2011 to 12.1% in 2015. In 2016, on the other hand, the recession is also due to the slowdown in the construction sector, which remains the second sector of the economy. In April this year, prices in Baku's real estate market increased by 2.49% compared to March.
The increase in prices of property for sale in Azerbaijan for the last month has affected almost all market segments. Prices in the primary real estate market grew by 3.98%, prices in the secondary market rose by 3.44%, prices in the land market grew by 1.06% and prices in the rental market increased by 0 , 39% for the month.
In April 2018, prices in Baku's real estate market decreased by 0.87% compared to the same period last year. The decrease is mainly due to the reduction in prices in the market of commercial properties for sale in Baku.
The real estate market shows a stabilization trend and a growth of 6% is expected on the market by the end of the year.
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