Property Prices in Baku, Azerbaijan

Index Info
Price to Income Ratio: 17.59
Mortgage as Percentage of Income: 189.37%
Loan Affordability Index: 0.53
Price to Rent Ratio - City Centre: 21.35
Price to Rent Ratio - Outside of Centre: 18.66
Gross Rental Yield (City Centre): 4.68%
Gross Rental Yield (Outside of Centre): 5.36%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 553.54 man 350.00-800.00
Apartment (1 bedroom) Outside of Centre 293.14 man 200.00-400.00
Apartment (3 bedrooms) in City Centre 1,221.00 man 800.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 589.28 man 400.00-1,445.68
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 263.89 man 204.38-373.53
Price per Square Feet to Buy Apartment Outside of Centre 116.69 man 92.90-167.22
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 582.28 man
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.96 7.00-15.00

These data are based on 317 entries in the past 18 months from 44 different contributors.
Last update: July 2021

Sources and References
Sign up for our newsletter:
Your Email Address:
Leave a comment:

Your name: Sign In

Your email address (optional):

Your comment (no HTML):

8 Comments so far
Khayal Sharif-zada on Apr 17, 2021:
Hi. All non-residents has the right to buy apartment in Azerbaijan. You need to open the bank account in any bank in Azerbaijan, sign the Sale and Purchase Agreement in notary and transfer to the seller agreed amount.
Price of apartment depend on location and infrastructure. We would recommend to contact to the agency to get good deal.
Muhammad nasim raza on Feb 12, 2021:
Good afternoon sir am from Pakistan but living in Saudi Arabia con u give me information how to buy apartment 2 bedroom how much cost in bako
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