Baku, September 26, 2025
Azerbaijan’s real estate market is surging, with prices for new apartments climbing by as much as 16 percent over the past year. Analysts link the trend to rising construction costs, major infrastructure projects, and growing demand for housing.
Vugar Orudj, head of the Azerbaijan Appraisers Society, told KhazarTV that the market has shown steady growth for more than three years. Non-residential properties are up 13–15 percent, while land prices have increased by 17 percent year-on-year.
Apartments in new buildings rose 15–16 percent, older units by 11–14 percent, and private houses by about 14 percent.
“The demand for housing, especially in Baku, combined with large-scale infrastructure development – from new highways to modern residential complexes – is driving prices higher. Our analysis shows this trend will likely continue in the coming months,” Orudj said.
The boom is not limited to the capital. In Ganja, Azerbaijan’s second-largest city, apartment prices have jumped by nearly 20 percent over the past year, outpacing Baku’s growth.
