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Rental prices up 7.3% in Azerbaijan

Rental prices in Azerbaijan rose 7.3% year-on-year in Q1 2024. The Central Bank report also shows increases in housing market prices.

Grace Lewis
ByGrace Lewis- Senior Editor
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Rental prices up 7.3% in Azerbaijan
Photo: Prepared by Bond.az

In the first quarter of this year, rental prices in Azerbaijan increased by 7.3% compared to the same period last year.

According to Oxu.Az, this was reported in the Central Bank of Azerbaijan's quarterly "Monetary Policy Review".

Compared to the end of February, prices rose by 0.3%. In the primary housing market, prices increased by 13.1%, and in the secondary market by 8.1%.

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