About 3,000 mortgage lending deals registered in Azerbaijan in January-March

Business Materials 20 April 2009 16:21 (UTC +04:00)

Azerbaijan, Baku, April 17 / Trend , U. Ismayilova/

In Jan.-Mar. 2009, State Real Estate Register Service (SRERS) of Azerbaijan registered about 3,000 mortgage lending deals, the SRERS said.

Many Azerbaijani banks suspended bank and mortgage lending in autumn 2009. Azerbaijan Mortgage Fund suspended financing mortgage lending due to lack of funds in summer of 2007.

As many as 194 rights to real estate facility commitment (lease and use) and 14,110 were registered during this period in public sector.

I Q1, the State Real Estate Register Service issued over 1,000 certificates and elaborated 12,300 acts on study into real estate facilities.

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