Some considerations on the prospects of the real estate sector in Azerbaijan

One of the areas in which oil money flowed into the country during the oil boom was the real estate sector. Especially in Baku and Absheron, the repeated, sometimes astronomical, rise in real estate prices reflects the influence of local factors, rather than global trends. Therefore, when we talk about the real estate sector in Azerbaijan, we focus more on Baku (it should be borne in 78 mind that Baku refers to the entire Absheron Peninsula, including Sumgayit, because this area has become an economic zone and concept). Also, due to the inaccuracy and tendency of local statistics, more theoretical considerations were preferred.