Bank Of Baku

Azerbaijan gets a sharp rise in issue of housing certificates

Azerbaijan gets a sharp rise in issue of housing certificates
# 16 April 2009 10:08 (UTC +04:00)
Baku. Nijat Mustafayev - APA-Economics. Despite a downswing in the construction sector issuance of housing certificates and mortgage securities is on the upswing in Azerbaijan,.

The State Committee for Securities said 252 housing certificates for 65 042 sq.m area worth of AZN 268 million were issued during this first quarter, up 1.6%, 4.5 times and 26 times from the figures for the same period last year.

Besides, 33 mortgage securities were issued during January-March.
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