Registration of Real Estate Increased by 11.7%

For the first two months of this reptile were registered in Azerbaijan the right to about 25 thousand houses. This is 11.7% more than in the same period last year. Experts attribute the trend of increasing activity with the introduction of registration in the summer of last year by a service Quick public service ASAN Xidmet among the types of services which also has clearance operations on the secondary real estate market and issuing statements on busy real estate.

According to the State of registration of immovable property under the State Committee on Property, the dynamics of growth of registration of property rights on the secondary turnover (12.4%) ahead of the primary segment of the real estate market real estate (10.1%) The share of the secondary real estate market (17, 6 million) in the portfolio of registration of 70.6%.

In January-February 2013 were registered rights to 8.6 million apartments by 4.2% more than in the same period of 2012. Of these, 1,214 accounts for the privatization of the housing stock of the country. All on the first of March this year in Azerbaijan privatized more than 469 thousand apartments.

On the volume of transactions in the lead segment of land area of ??9.5 million in the two months of this ode. Compared to the same period last year, activity in the land market has grown by 17.1%.

Burst of activity (+75%) was recorded on the market of non-residential premises (796).

This year, the registered rights to 5,178 single family houses and suburban areas. It is 10.4, higher than in the January-February 2012.

Baku is still the most attractive region for investors. Within two months of this year there have been furnished rights of 9.3 million houses. At the same time 72.2% of the apartments (6.2 million) and 82.5% of non-residential buildings (657), which issued the documents of ownership for January-February 2013, are located in Baku. - 08D-