According to the Central Bank, in the first quarter of 2026, rental prices in Azerbaijan increased by 7.3% compared to the same period last year, exceeding the inflation rate of 5.7%.
Real estate expert Ramil Osmanli told Baku TV that there is a significant decrease in supply in the rental market: "Especially in cheaper apartments, supply is sharply decreasing, but demand remains high. Old buildings are being demolished and new ones built, leading to higher prices."
Vugar Oruj, chairman of the Azerbaijan Valuers Society, attributes the price increase to the rental market becoming an investment tool: "Citizens who buy apartments set high rental prices to recoup their investment quickly."
