Trends shaping Azerbaijan's construction materials market in 2025

[ad_1] BAKU, Azerbaijan, January 9. This yr, each the actual property and building supplies markets in Azerbaijan are anticipated to expertise value will increase, Chairman of the Azerbaijan Society of Appraisers and economist-expert, Vugar Oruj, advised Pattern.

Whereas sharing the most recent forecast, Oruj emphasised that one key issue driving the value enhance is the expansion of Azerbaijan's financial system.

"The second issue is said to modifications within the buying energy of the manat, in addition to rising utility and vitality costs, all of which enhance prices. This additionally leads building firms and entrepreneurs to regulate their costs. The start of reconstruction works within the territories liberated from occupation has led to a surge in building market exercise. That is one other issue contributing to the rise in building materials costs. At the identical time, demand for building supplies has elevated," Oruj famous.

In keeping with him, there was a noticeable uptick in multi-story constructing building within the capital metropolis.

The continuing Ukraine-Russia warfare has additionally had a big impression on the development supplies and actual property markets in Azerbaijan. Azerbaijani nationals who had invested in these nations are actually redirecting their investments again to Azerbaijan. These investments have largely been directed towards the actual property market, as property investments are thought-about each worthwhile and secure. This rising curiosity in actual property has spurred the building of recent residential and business buildings, additional driving demand for building supplies. As demand rises, so do costs.

This yr, a value enhance of 12-15 p.c is predicted within the main building market in comparison with the earlier yr, which may even replicate on the price of building supplies.