In January of this year Azerbaijan registered 10.7 thsd of property rights, which is 1.9% more than the same period in 2012. With over 7.7 million real estate transactions have been made on the secondary market, which recorded 8.8% strength grew activity.
According to the State of registration of immovable property under the State Committee on Property, in January this year in the primary real estate market was recorded right around 3 thousand objects. This is 11% less than in January 2012.
The main part of real estate transactions in Azerbaijan falls on land (4096), apartments (3789), and individual and country houses (2227). In this case, as opposed to land holdings (7.8%), the intensity of transactions with apartments and detached houses fell by 1.8% and 1.3%. In January tenants privatized 875 public housing apartments. Thus, from 1993 to the 1st of February this year in Azerbaijan there were privatized 467,816 apartments.
The share of Baku in the real estate deals in January of this year was 37%. For apartments, the figure exceeded 70%. - 08D -
Economics
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Azerbaijan’s rice imports have surged as domestic production struggles to meet growing demand, underscoring the country’s reliance on foreign suppliers. Despite government initiatives to boost output, local production remains stagnant, with only 10,000 tons expected in the 2024-2025 season, while imports reached 55,961 tons between January and October 2024.
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Azerbaijan and Pakistan have signaled a growing commitment to deepen energy cooperation, with a focus on renewable energy initiatives, as Azerbaijani Energy Minister Parviz Shahbazov hosted a delegation led by Pakistani Federal Minister Abdul Alim Khan in Baku on January 30.
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Oil from Kazakhstan's largest field, Kashagan, has begun flowing into the Baku-Tbilisi-Ceyhan (BTC) pipeline. According to information from SOCAR, the first batch of this oil was received at the Sangachal terminal on January 27 and will be transported via BTC to the port of Ceyhan.
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Azerbaijan is accelerating the implementation of its socio-economic development strategy, focusing on digital transformation and strengthening cybersecurity. The government is allocating resources to human capital development, prioritizing the training of cybersecurity professionals, said Farid Osmanov, Chairman of the Board of the Innovation and Digital Development Agency, on January 30 during the fourth “Graduation Day” of the Azerbaijan Cybersecurity Center (AKM).
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