"Buildings will be demolished in these areas!"
"In Baku, compensation for demolished buildings is regulated by the Ministry of Finance based o...
After the construction of metros in Moscow and Leningrad in 1932, the development plan of Baku included the construction of a metro system. This aimed to streamline surface transportation and expand the narrow streets of the city. On November 6, 1967, the first five stations of the Baku Metro – Baku Soviet, 26 Baku Commissars, 28 April, Ganjlik, and Nariman Narimanov, along with the initial 9.2 km underground lines, were put into operation. Starting from November 25, 1967, the metro began its regular operation and train services. Over time, as the population increased, the demand for the metro also sharply increased, leading to an expansion in the number of metro stations.
Today, as in Azerbaijan, as well as globally, the metro remains at the forefront of all transportation modes due to its safety, ability to transport the population to their destinations quickly, absence of traffic jams, and frequent and rapid movement. Additionally, those acquiring real estate also prioritize proximity to the metro.
The cost of real estate and transportation. The metro is an important factor influencing the cost and demand for real estate in any city or region. Proximity to the metro or metro stations can impact the price of real estate and the quality of life. Properties located near the metro become more attractive to buyers due to additional amenities and conveniences. Prices for such properties are usually higher. These prices depend on factors such as proximity to the metro or metro stations, quality of life in the area, supply and demand, development prospects, infrastructure, and more.
If you are looking for real estate near the metro, the price may be higher as the value of such properties increases due to additional facilities and services. Living and working in these areas allow for better access to the press, restaurants, and cultural centers.
How real estate prices change depending on metro location and area. It is easy to notice that property prices increase when the metro is closer to the city center. Conversely, as we move away from the city, we see that property prices decrease with the decrease in distance from the metro. The price of real estate can also depend on factors such as its condition – renovated or unrenovated, new or old building, luxury or standard conditions, with or without panoramic views.
If you are planning to purchase real estate in one of these areas, working with a real estate agency or using real estate websites will help you find properties that match your requirements and budget! Thus, you will be able to find real estate that suits your needs. Viewing listings on the "Area.az" website will change your perception of real estate, and you will learn about properties located in the city center!
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