217 Months' Salary Needed to Buy a Home in Baku

The rapid increase in housing prices in Baku compared to wages makes it harder to buy property. According to economist Khalid Karimli's calculations, it takes 217 months' salary to afford a home. This reflects the financial challenges in the real estate market. For instance, in Mardakan and Absheron, rising home prices also make it more difficult for buyers to afford housing. Source: evonline.az