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 INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
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