Today.Az » Business » Real estate market in Azerbaijan twice as profitable as in Moscow
14 March 2008 [16:55] - Today.Az
Profitability of real estate market in Azerbaijan is 1.5-2 times higher as compared to Moscow and profitability of successfully implemented projects makes up 30%.
Azerbaijan's attractiveness for investments is mainly caused by growing GDP. Thus, Azerbaijan's GDP growth makes up 35% per year, as compared to Russia where GDP rises only by 7-8%.
Currently, large share of investments into the Azerbaijani real estate market is made by local companies and entrepreneurs, however Moscow investment companies have just paid a special attention to this market.
In particular, the National reserve corporation plans to build a business center in Baku to take about $200,000,000.
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