BAKU, Azerbaijan, January 9. This yr, each
the actual property and building supplies markets in Azerbaijan
are anticipated to expertise value will increase, Chairman of the
Azerbaijan Society of Appraisers and economist-expert, Vugar Oruj,
informed Development.
Whereas sharing the most recent forecast, Oruj emphasised that one key
issue driving the value improve is the expansion of Azerbaijan’s
economic system.
“The second issue is expounded to modifications within the buying energy
of the manat, in addition to rising utility and power costs, all of
which improve prices. This additionally leads building corporations and
entrepreneurs to regulate their costs. The start of
reconstruction works within the territories liberated from occupation
has led to a surge in building market exercise. That is one other
issue contributing to the rise in building materials costs. At
the identical time, demand for building supplies has elevated,”
Oruj famous.
In line with him, there was a noticeable uptick in
multi-story constructing building within the capital metropolis.
The continuing Ukraine-Russia battle has additionally had a major impression
on the development supplies and actual property markets in
Azerbaijan. Azerbaijani nationals who had invested in these
nations at the moment are redirecting their investments again to Azerbaijan.
These investments have largely been directed towards the actual property
market, as property investments are thought of each worthwhile and
protected. This rising curiosity in actual property has spurred the
building of recent residential and business buildings, additional
driving demand for building supplies. As demand rises, so do
costs.
This yr, a value improve of 12-15 % is predicted within the
major building market in comparison with the earlier yr, which
may also mirror on the price of building supplies.
The desk beneath reveals value modifications for particular person constructing
supplies:
