Experts predict rising prices for private houses and land plots in the suburbs of Baku

An increase in housing demand has been recorded in suburban settlements of Baku.

As reported by Oxu.Az with reference to Xəzər TV, according to real estate experts, due to the demolition of dilapidated buildings, citizens are increasingly choosing to purchase housing outside the central districts of the capital, which directly affects price dynamics.

Expert Elnur Farzaliyev noted that currently, prices for houses and land plots in settlements such as Mashtaga, Kurdakhany, Govsan, Pirshagi, Ramana, Lokbatan, and Zykh still remain affordable. However, the ongoing infrastructure work and development prospects for these areas make a rise in prices inevitable.

According to the specialist's estimates, along with the demolition of dilapidated housing, the seasonal summer factor will also boost the market: a price increase of 10-15% is expected in these areas. At the same time, during the autumn months, a slight correction may be observed in the market - a price decline of around 5%.