In January-April this year, rights to 44.7 thousand properties were registered in Azerbaijan. This is a 6.8% increase over the comparable period in 2011. In this case the initial registration of property rights decreased by 14.3%.
According to the State Committee on Property, in the primary market the rights to 13,267 properties were registered in this period. The types of the property were not made public.
The secondary real estate market showed 19.1% growth. The rights to real estate were issued for 31.4 thousand objects, which were the subject of sale. In January-April, land transactions were 16,828 (the leading index). Rights were issued to 15,998 apartments, including the privatization of state housing stock. Extracts were obtained on 9,200 cases of individual ownership of houses and country estates.
Over a third of the registration of property rights in January-April this year fell on the city of Baku - 15.6 thousand. However, most of the property, on which rights were registered, included apartments (11.2 thousand). - 08D-
Economics
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The Azerbaijani government has adopted new guidelines to facilitate employment for individuals with special social protection needs and those facing difficulties in securing jobs. The resolution, approved on December 29 by the Cabinet of Ministers, outlines targeted programs aimed at job creation through public-private collaboration.
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The Cabinet of Ministers of Azerbaijan has approved new regulations to facilitate targeted employment programs aimed at supporting individuals with special social protection needs and those facing employment challenges. The measures, under the State Employment Agency, seek to enhance job creation in priority economic sectors.
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The Cabinet of Ministers of Azerbaijan has announced key amendments to various regulatory acts to ensure compliance with the law adopted on May 24, 2024, aimed at updating the Tax Code, the Customs Code, and laws on state duties and licensing.
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The Azerbaijani Cabinet has implemented significant changes to energy regulations in line with new laws aimed at enhancing the country’s electrical infrastructure. A decree signed by Prime Minister Ali Asadov on December 29 introduces amendments to several prior governmental decisions and cancels previous regulations, including a key rule on electricity production and equipment operation limits.
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