Market Size and Recent Trends in Azerbaijan’s Real Estate Market
In recent years, Azerbaijan’s real estate market has been increasingly influenced by rising tourism flows, returning diaspora buyers, and growing interest from foreign purchasers — particularly in Baku and nearby coastal areas. The strongest demand is observed in modern, well-planned developments with clear concepts and long-term development frameworks.
Experts note that price growth in quality segments has been generally stable rather than speculative, with demand driven more by lifestyle use and gradual long-term value appreciation. New large-scale developments such as Sea Breeze and White City have contributed to the shift toward master-planned communities instead of standalone residential buildings, which supports both end-user appeal and rental demand in selected areas.
While the overall market is still smaller than large regional hubs such as Dubai, Azerbaijan continues to strengthen its position through infrastructure improvement, urban renewal projects, and increasing investor awareness — especially among international and diaspora buyers.