Bank Of Baku

Registration process of real estate to be facilitated in Azerbaijan

Registration process of real estate to be facilitated in Azerbaijan
# 10 October 2012 09:15 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The State Property Issues Committee of Azerbaijan is preparing new normative legal documents in direction of improvement of state registration system of real estate in the country, Deputy Committee Chairman Rafig Jalilov said, APA reports.

To him, as a result of the steps taken to improve the legislation base, it is considered to facilitate the registration process. That is, if at present, obtainment of Forma#1 for registration of property lasts 5 days, in future this period will be decreased to 1 day; for houses in the secondary market – 7 days; officialization of mortgage – from 5 days to 3 days.
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THE OPERATION IS BEING PERFORMED