Property Prices in Baku, Azerbaijan

Index Info
Price to Income Ratio: 15.58
Mortgage as Percentage of Income: 163.60%
Loan Affordability Index: 0.61
Price to Rent Ratio - City Centre: 19.02
Price to Rent Ratio - Outside of Centre: 17.40
Gross Rental Yield (City Centre): 5.26%
Gross Rental Yield (Outside of Centre): 5.75%
Rent Per Month
[ Edit ] Range
Apartment (1 bedroom) in City Centre 573.28 man 400.00-851.25
Apartment (1 bedroom) Outside of Centre 327.05 man 250.00-500.00
Apartment (3 bedrooms) in City Centre 1,223.49 man 750.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 609.48 man 404.30-1,000.00
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 239.49 man 185.80-418.06
Price per Square Feet to Buy Apartment Outside of Centre 117.20 man 92.90-157.93
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 616.06 man
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.61 7.00-15.00

These data are based on 326 entries in the past 18 months from 46 different contributors.
Last update: November 2020

Sources and References
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7 Comments so far
peterson on Aug 16, 2020:
I am looking for an office space or apartment for office use, I want to know what procedures I have to take for the purchase or for leasing .thanks
Mr. Peterson
Ishtiaq hussai. on Aug 02, 2020:
M ishtiaq from pakistan. M shia . m intrested for form house plot near baku city(with in 20km to 30km. Plz tell me price and location.
Anonymous on Jul 17, 2020:
Can I investment in purchasing land for farming my name is Liaqat Abbas Abbasi from Pakistan and living in Qatar.
Anonymous on Jul 17, 2020:
Can I investment in purchasing land for forming my name is Liaqat Abbas Abbasi from Pakistan and living in Qatar.
Anonymous on Feb 21, 2019:
Can I purchase an appartment or land lil out side baku m an Indian Syed Shia man
A.R. on Oct 08, 2017:
I like to know what are the rental rates for one bedroom one bath or two bedroom one bath apartment near Koala Park area or within three kilometer from the old town. I like to live in Baku for one year lease.

Thanks
Adel on May 28, 2017:
Can I know what is the policy in Baku for gulf people if the would like to purchase apartments