BAKU — September 2, 2025.
Baku’s real estate market has posted double-digit price increases across nearly every segment over the past year, according to new figures from the Azerbaijan Appraisers Society (AQC).
AQC chairman Vuqar Oruc told Report that the trend covers apartments in both old and new buildings, private houses, land plots and commercial properties. “While the pace of growth differs by segment, the overall tendency is a stable rise,” he said.
Old buildings: Səbail out in front
In older apartment blocks, central districts outpaced the rest of the city. Prices in Sabail rose 25.2 percent, in Yasamal 24.5 percent, and in Nasimi 19.6 percent. Oruc said this reflects a stronger preference for living in the city center, regardless of whether the housing stock is new or old. Outer districts saw slower growth: Narimanov (17.2%), Xatai (13%), Sabunçu (12.4%), Nizami (10%), and single-digit gains in Xazar, Binaqadi, Suraxanı, Qaradağ, and Pirallahı.
New builds: Xətai tops the list
Among newly built apartments, Khatai led with a 24 percent increase. Yasamal (23%), Sabail (22%), Nərimanov (20.2%) and Nasimi (19.5%) followed. Growth was softer in Qaradağ (6%) and Pirallahı (7.4%).
Private homes: sharpest jump in Sabail
Detached houses recorded the steepest rise in Sabail (26.5%), followed by Yasamal (23%) and Nizami (18%). Even outlying districts such as Qaradağ posted gains of around 9 percent.
Land plots: demand outstrips supply in the center
Land in Baku’s core has grown especially scarce, pushing up prices fastest in Sabail (27.8%), Yasamal (24.7%), and Nasimi (22%). Oruc noted that the combination of limited supply and high investor interest is driving the acceleration.
Commercial property: business demand rising
Non-residential space also appreciated most in central districts: Nərimanov (22%), Nəsimi (21%), Sabail (19.5%) and Yasamal (19%). The appetite reflects proximity to business hubs, services growth and stronger demand for retail and office space.
Supply tight, demand strong
Oruc said investors and residents alike are concentrating on central districts where available land and housing stock are limited. “As more investment flows to the center, the price gap between core and peripheral areas may deepen in the coming years,” he cautioned.
The numbers in perspective
On average over the past year:
New apartments gained 15.6%
Old apartments gained 11.4%
Private houses gained 14%
Land plots gained 17%
Commercial property gained 13.5%
