 |
Baku, Fineko/abc.az. The Central Bank of Azerbaijan reports that turnover of country’s residential property market for 2012 increased by 24.86% against 2011.
According to the CBA, turnover of residential property (the cash flow of notary’s offices) reached AZN 2.828 bn by 1 January 2013 versus AZN 2.265 bn a year earlier.
At the same time transfers to notary’s offices accounts for purchase/sale of residential real estate by individuals totaled AZN 1.599 bn by 1 January 2013 versus AZN 1.2 bn a year earlier (+31.81%), and the withdrawals from these accounts AZN 1.228 bn versus AZN 1.05 bn (+16.84%).
The CBA reports of an increase in revenues mediators (banks, notary’s offices and realtors) for residential real estate transactions by 2.29 times. As of 1 January 2013 mediators’ earnings were AZN 371.307 million versus AZN 162.3 million a year earlier.
12.02.2013 12:43
- British Airways ready to form travel packages for Azerbaijan
- Homeowners named a reserve to improve collection of taxes in Azerbaijan
- Azerbaijan approves state standard of address numbering and transport infrastructure designations
- Easy access to public services to be ensured in Shirvan and Hajigabul in field regime on 5-20 June
- Khadi Rajabli: building of social houses to lead to lower prices in housing market
- Executive power should be informed of address giving/change
- Real estate becomes a priority of bank lending to individuals
- Standards specified on social security of staff of centers of easier access to public services
- Azerbaijan mediators’ suspicion in respect of financial deals reached peak in April
- WB estimates efficiency of property tax in Azerbaijan
Link for FINEKO Analytic & Informational Agency and ABC.AZ is obliged using the websites material.
| Baku | |||
|
|
||
| Gandja | |||
|
|
||
| Sumgayit | |||
|
|
||
| Guba | |||
|
|
||
| Lenkoran | |||
|
|
||
| Nakhichivan | |||
 |
|
||