Property prices in Baku continued to rise in October 2026. The average price of apartments in newly built residential buildings increased by 14% compared with the previous period. The largest increase was recorded in the Sabail district.
According to Oxu.Az, citing Report, prices of newly built apartments in Sabail increased by 21.8% in October. The increase reached 20.4% in Yasamal, 18.6% in Khatai, 17.4% in Nasimi, 17.2% in Narimanov, 16% in Nizami and 14% in Binagadi.
More moderate increases were recorded in other districts. Apartment prices rose by 9.8% in both Surakhani and Sabunchu, 7.4% in Pirallahi, 6% in Khazar and 5.4% in Garadagh.
According to calculations by the Azerbaijan Society of Appraisers (AQC), several factors contribute to rising prices in newly built apartments. These include the locations of new developments, construction quality, infrastructure, transport accessibility, residential complex amenities and growing demand for modern housing.
Older Apartments Also Become More Expensive
In October, the average price of apartments in Baku's older residential buildings increased by 10.8%.
The largest increases in this segment were recorded in Sabail (20.5%), Yasamal (19.9%), Nasimi (15.9%) and Narimanov (14%).
Prices in older residential buildings also increased by 12.6% in Khatai, 11.8% in Surakhani and 11.1% in Sabunchu. The increase amounted to 5.3% in Garadagh, 5.2% in Pirallahi, 6.3% in Khazar and 6.9% in Binagadi.
Average Apartment Price in Baku Reaches AZN 2,905
AQC's October 2026 research highlights significant differences in property prices across Baku's districts.
Sabail recorded the highest average price at AZN 4,256, while Pirallahi had the lowest average figure at AZN 1,474.
In terms of maximum prices, Nasimi ranked first at AZN 6,742. The corresponding figures were AZN 6,259 in Sabail and AZN 5,218 in Narimanov.
The minimum price indicator reached AZN 2,977 in Nasimi, while the lowest figure was recorded in Pirallahi at AZN 1,037.
Following Sabail and Nasimi, the districts with the highest average prices were Narimanov (AZN 3,978), Yasamal (AZN 3,452), Khatai (AZN 3,427) and Sabunchu (AZN 3,319).
Across Baku, the overall maximum price indicator was AZN 3,981, the average was AZN 2,905 and the minimum was AZN 1,989.
Private House Prices Also Increase
In October, the average price of private residential houses in Baku increased by 13.2%.
The largest increase was recorded in Sabail, at 22.8%. Prices of private houses rose by 16.8% in Nizami, 15.9% in Narimanov, 15.6% in Khazar, 14.1% in Nasimi and 13.2% in Sabunchu.
Prices also increased by 12% in Binagadi, 10.9% in Surakhani, 10.1% in Yasamal and 9.4% in Khatai. The increase amounted to 6.5% in Garadagh and 7.8% in Pirallahi.