Monday, March 17, 2008

Profitability of real estate market in Azerbaijan is 1.5-2 times higher as compared to Moscow

Azerbaijan's attractiveness for investments is mainly caused by growing GDP. Thus, Azerbaijan's GDP growth makes up 35% per year, as compared to Russia where GDP rises only by 7-8%.

Currently, large share of investments into the Azerbaijani real estate market is made by local companies and entrepreneurs, however Moscow investment companies have just paid a special attention to this market.

In particular, the National reserve corporation plans to build a business center in Baku to take about $200,000,000.

Russian Properties News