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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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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