Property Prices in Azerbaijan

Index Info
Price to Income Ratio: 14.92
Mortgage as Percentage of Income: 164.03%
Loan Affordability Index: 0.61
Price to Rent Ratio - City Centre: 18.73
Price to Rent Ratio - Outside of Centre: 16.74
Gross Rental Yield (City Centre): 5.34%
Gross Rental Yield (Outside of Centre): 5.97%
Rent Per Month
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Apartment (1 bedroom) in City Centre 668.84 man 400.00-1,500.00
Apartment (1 bedroom) Outside of Centre 398.75 man 250.00-750.00
Apartment (3 bedrooms) in City Centre 1,323.78 man 600.00-2,800.00
Apartment (3 bedrooms) Outside of Centre 711.84 man 400.00-1,300.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 265.27 man 167.22-371.61
Price per Square Feet to Buy Apartment Outside of Centre 134.81 man 92.90-185.80
Salaries And Financing
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Average Monthly Net Salary (After Tax) 721.80 man
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.26 7.00-14.00

These data are based on 448 entries in the past 18 months from 70 different contributors.
Last update: March 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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