OREANDA-NEWS. December 09, 2009. Public Union “Real Estate Marker Participants” reports that during the month portfolio of supply of flats in old houses decreased comparatively.

The further decrease in prices had impact on insignificant reduction of supply.

“In October portfolio of supplies of flats in new houses fell to 59% of overall supply and compared with the previous month fell by 1.4%.

Despite decline of supply of flats by 2%, prices decreased by 2.9%.

Following mortgage crediting, liquidity of this type of property increased, but the level of risk remains as previously high. Exposition period increased up to 105 days. At the same time profitability of the secondary housing market rose by 2.3%,” it was informed.

Prices declined by 2.9% (from US 1,280 to US 1,243 per sq m) and price index reached level of 232.4 points.

In October rise in prices was registered only in Garadagh district (by 0.4%).

The strongest price cutting occurred in Binagadi district (by 2.2%). Quantity of supplied flats diminished to 7,000.