Bank Of Baku

Initial registration of property in Azerbaijan increases by 82%

Initial registration of property in Azerbaijan increases by 82%
# 05 January 2012 13:48 (UTC +04:00)
Baku. Ali Ahmedov – APA-Economics. According to State Committee for Property Issues 12,580 properties were registered in October, 2011, up 40.8% from October 2010.

4,380 of registrations were primarily, 8,200 – secondary Primary registration rose 64.0%, secondary – 30.9%.

Most of registered property – 38% were plots of land.

In January-October, 2011, law on more than 122,000 properties were registered, up 54.0% from year earlier.

Share of regions in registration of property reached 62.7%.
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