In April 2026, the Baku real estate market index rose to 101.8, a 1.8% increase compared to December last year.
According to the Azerbaijan Appraisers' Chamber (AAP), the market has moved from a phase of rapid price growth to a more stable, selective, and balanced development phase based on fundamental indicators.
The new apartment segment, with a 38% share, remains the main driver. Its index reached 102.6 (2.6% growth), mainly in central and premium areas like Narimanov, Nasimi, Yasamal, and White City.
The old apartment segment, with a 27% share, recorded an index of 101.6 (1.6% growth). Price dynamics are relatively weak but the market structure is stable.
The yard house segment (16% share) showed an index of 102.5 (2.5% growth), with land component being the main price driver.
The land market (10% share) rose to 102.6 (2.6% growth), with increased demand in Narimanov, Khatai, Sabail, and Nizami districts.
The commercial real estate market (8% share) remained stable at 100 (0% change). Premium small-sized properties maintained high prices, while large-sized properties had lower prices.
The garage market (1% share) recorded an index of 97.6 (2.4% decline), due to low liquidity and limited demand.
In conclusion, the Baku real estate market has entered a more mature phase. Price formation is based on fundamental factors and inter-segment balance. The AAP methodology accurately reflects these structural changes.
