A Strengthening Rental Market in Baku, Azerbaijan

    Dec 31, 2019 @ 12:00 AM / by Samuel Pearl Schwartz


    On my most recent trip, I visited Baku, Azerbaijan. The political and economic heart of this oil-wealthy nation, Baku had seen a large exodus of expatriates starting in 2014 due to falling oil prices. These departures and an overall weak economy brought rents down significantly. Over the last two years, rents have started to recover, and the sources I met with indicated moderate price increases in certain areas. While oil prices have rebounded slightly, the primary driver of rising rents is a decrease in the supply of long-term rentals. ]

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    Baku and the Pedestrian’s Plight

    Mar 31, 2016 @ 12:51 PM / by Patrick Benedetti


    Driver courtesy seemed absent, with everyone racing to be first, but as a Bostonian, this was nothing new to me.

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