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Buying real estate in Azerbaijan

Every year, the real estate market of Azerbaijan shows an increase of 4-5 percent. Commercial real estate in the central districts of the city is growing 9-10 percent per year, they show the best growth. The real estate market is becoming more promising for investors and every year more and more foreign investors are investing in the real estate market to receive passive income and have guarantees for the future. Potentially, prices are not very expensive for local investors, and for foreign investors, prices on the Azerbaijani market are quite cheap compared to other countries.

According to the legislation, citizens of foreign states have the right to directly acquire full ownership of real estate in Azerbaijan.

The Decree of the President of the Republic of Azerbaijan dated February 19, 2019 "On simplifying the issuance of permits" brought transparency to the real estate market in Azerbaijan.This document has greatly simplified the issuance of documents and extracts from the register and this increases the investment value in the real estate market. After signing this document, there will be no offenses, there will be only official state duties.

The economic reforms carried out in the republic stimulate the inflow of capital investments. Attracting foreign investments to the country is an integral part of the economic strategy. The adopted laws of the Republic of Azerbaijan "On Investment Activity" and "On the protection of foreign investments" create a favorable economic environment for foreign investment.

Why is buying real estate in Azerbaijan attractive for investors?

The influx of tourists, a lot of international competitions are held every year, through services (Airbnb, com) and various platforms where you can rent housing, their prices are usually higher for an investor, this is very positive.
Lowering deposit rates affects the growth of real estate prices.
The active phase of new projects, competition between developers in the real estate market, which leads to an active growth of the real estate market in Baku to a greater extent.
Stable economic growth of Azerbaijan.
A system of state assistance to entrepreneurship has been formed and is developing in the republic.

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