A new real estate appraisal methodology introduced in Azerbaijan

A new real estate appraisal methodology introduced in Azerbaijan
# 27 November 2008 10:10 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. Under the World Bank-supported Real Estate Registration Project for Azerbaijan envisions inventorying, valuing and establishing a legal framework in the field of real estate, the presentation of a real estate appraisal methodology was held in Baku.
The State Real Estate Registry Service said Lithuania expert Albina Aleksiene, who was chosen as an individual consultant for the project, put into the report the factors influencing real estate valuation, study in property market, technical specifications of immovable property, international know-how on valuation etc.
The report takes into account the current situation in Azerbaijan to value real estate, also contains recommendations.
In order to exchange experience in implementing a methodology for valuing real estate, Azerbaijan will soon send a delegation of specialists to Lithuania.
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THE OPERATION IS BEING PERFORMED