The median asking price for new-build homes in Azerbaijan reached 2,888.9 manats, or about $1,699, per square meter in October, an increase of 9.4% from December 2025 and 1.4% from September.
The median total asking price for an apartment in a new building was 275,000 manats, or about $161,765, according to the Azerbaijan Chamber of Appraisers’ October real estate index, Vesti Baku reported.
On the secondary market, the median asking price was 2,692.3 manats, or about $1,584, per square meter. Prices were almost unchanged from the previous month, rising 0.04%, but were 6.8% above December 2025. The median asking price for an apartment was 179,000 manats, or about $105,294.
Rental rates declined after increasing in September. The median monthly rate was 10.83 manats, or about $6.37, per square meter in new buildings and 10.63 manats, or about $6.25, in older buildings. Both segments fell 1.8% from the previous month.
The median monthly rent was 1,000 manats, or about $588, for an apartment in a new building and 700 manats, or about $412, for a unit in an older building. Rents in older buildings nevertheless remained 6.3% above the December 2025 baseline.
The statistics track asking prices, not necessarily final transaction values. Actual sale or rental amounts may differ after negotiation.