Rental apartment prices in Azerbaijan climbed 5.7% in September compared with the same month last year, the Central Bank of Azerbaijan (CBA) reported.
Rents also rose 1.9% compared with the end of August, according to the Central Bank of Azerbaijan’s nine-month Monetary Policy Review. The rental market thus saw price growth both year-on-year and month-on-month.
The review also broke down the figures by building type. Rents in newly built apartments rose 3.1% month-on-month, while rents in older buildings increased 1.1% over the same period.
This means price growth in new-build apartments outpaced that in older housing stock.
