Land plot prices decrease in Baku

By  Trend

The prices on land plots decreased in Baku in April, Nusrat Ibrahimov, director general of the MBA Group consulting company, real estate expert, told Trend May 26.

He added that the price on land plots decreased by 3.14 percent.

Ibrahimov said that activity on the land market has greatly decreased in the past months.

"The prices on land plots usually increase in April-May, but now we are witnessing an opposite trend,” the expert said. “This is connected with a decrease in private housing construction."