Azerbaijan’s mortgage lending market contracted sharply in the first quarter of 2026 amid limited state funding and rising housing prices, despite continued strong demand from the population. According to official data, authorized banks issued 353 mortgage loans in January–March, totaling 29.9 million manats. Of these, 238 loans (approximately 17.7 million manats) were provided under concessional programs, while 115 loans (around 1...

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