BAKU, Azerbaijan, March 15. The complete variety of
actual property objects with registered possession rights in Azerbaijan
elevated from January by means of February 2023, the State Service for
Property Issues underneath the Ministry of Economy advised Trend.
According to the service, this determine amounted to 80,274, up by
59.6 % on annual foundation, of which 13,613 (17 %)
accounted for main registration and 66,661 (83 %) for
From January by means of February this yr, the variety of main
registration operations elevated by 16.5 % in comparison with the
similar interval in 2022.
In the reporting interval, 7,300 objects for which the precise of
possession was registered had been non-public and nation homes, 57,297
land plots, 13,915 residences, 1,141 non-residential areas, 506
non-residential buildings, 89 property complexes, and 26
multi-story residential buildings.
Meanwhile, 13,803 actual property objects registered by the state
accounted for Baku, and the remaining – the areas.
In 2022, 382,319 actual property possession registration operations
(85,449 main and 296,879 repeated) had been carried out in
Azerbaijan. Out of the whole variety of transactions, land plots
comprised 59.2 %, residential premises – 24.7 %,
non-public homes – 12.9 %, and non-residential premises
accounted for 2 %.