In the first quarter of 2015 about 49 000 operations for registration of rights to real estate were carried out in Azerbaijan, which is 11.1% more than in the same period last year, the State Committee for Property Affairs said.
During this period, the rights to more than 11 000 properties were registered for the first time. In annual terms, the operation of the primary registration of real estate fell by 12%. Activity on the sale of real estate increased 20%. Within three months of this year, they have become the subject of 38,000 objects.
The most popular type of real estate market was land holdings: from the beginning of the year operations with 27,000 parcels of land have been carried out.
It should be noted that this year two legal acts were adopted, aimed at the legalization of individual houses built without compliance or permit procedures. However, the problem is not fully resolved: still the only legal document at many owners of individual houses is a contract with the municipality to allocate land. 08B
Economics
-
Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
-
Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
-
Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
-
Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
Leave a review