Flat prices in Baku: autumn 2026

What the official sources say

According to the Central Bank’s August review, in the second quarter of 2026 flats cost more than a year earlier: new buildings 12.4% more, the secondary market 8.6%. Rents rose 7.4%, so they lag behind purchase prices.

The Azerbaijan Society of Appraisers (AQC) puts the Baku average at 2,934 ₼ per m². The dearest districts are Sabail (4,132 ₼ on average) and Nasimi (3,724 ₼). In Nizami the average was 2,701 ₼ and in Binagadi 2,540 ₼. According to AQC, over the year new buildings rose by 14.3% on average and older ones by 10.6%; the fastest growth was in Sabail (22%), Yasamal (20.6%) and Khatai (19%).

Our own deals

The median price of the flats we sold and valued between April and September is close to the official figures but not the same: we take the median rather than the average and count only flats with a real deal or valuation behind them. Our table by district is on the Districts page.

• The gap between asking and agreed prices averaged 4–6%.
• A flat listed at the right price sold in 47 days on average; those priced more than 10% too high waited over three months.
• Furnished one- and two-room flats let in under a week; unfurnished ones wait two to three weeks.

What it means for a buyer

Prices are still rising, so waiting for a fall can be a gamble. But within one district the gap between new and older buildings stays at 7–13%: for the same money a renovated older flat is often larger. The state mortgage covers only buildings put up after 1970; for old stone buildings only a bank mortgage remains.