Azerbaijan issued a certificate of ownership to 83.2 thousand real estate objects, which is 21.3% less than in the first half of 2016 than in the comparable period last year.. This is stated in the report service of the State Real Estate Register Service under the State Committee on Property.
This year, a special activity is observed in the segment of trade in private and municipal land. Land plots (43,300) accounted for 52.1% of the real estate registration in H1. This decrease in activity in the real estate market was just due to this segment. The volume of transactions in land allotments decreased compared to the first half of 2015 by 29.1%.
In the segment of apartments in the property market this year, there is certain stabilization. In H1, 2015, 22,518 real property rights were registered, and this year (21,827), the figure decreased by 4%.
Starting this year, the taxation of transactions of purchase and sale of real estate has changed and is carried out, depending not on the contract value, but on the property area. ------08D
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review