AZ

How has the cost of housing in Azerbaijan changed over the past 10 years?


The total area of ​​residential buildings constructed in Azerbaijan last year amounted to 2,895,500 square meters.
According to Yeniavaz.com, citing official data, the total investment in residential construction amounted to 2,799,825,800 manats.
Published data shows that 967 manats were spent on the construction of one square meter of residential buildings in Azerbaijan last year.
It should be noted that this is the highest figure in recent years. Compared to the previous year, the amount spent on the construction of one square meter of residential buildings last year increased by 82%, or 437 manats.
Published data shows that in 2019, the amount spent on the construction of one square meter of residential buildings decreased sharply. Thus, while 622 manat was spent on the construction of one square meter of residential buildings in 2018, this figure dropped to 140 manat in 2019.
The table shows the total area of ​​residential buildings constructed in Azerbaijan over the past 10 years, the total cost, and the cost per square meter of construction:


Elnur Ali 
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