Azerbaijan, Baku, Aug. 21 / Trend , U.Ismayilova/
In January-July Azerbaijan registered 59 mortgage securities compared to 173 in the same period of 2008, the State Committee for Securities on Aug. 21.
"The decline on the mortgage securities market was 65.9 percent in 2009," the report says.
In this period, additional 179 mortgage securities were registered compared to 201 for seven months of 2009 with a 10.9-percent decline.
The report also said that 93 securities were registered in this period compared to 179 and 32 additionally registered compared to 107 for the seven months of 2008.
In January-July Azerbaijan also issued 387 housing certificates compared to 174 in January-July last year. Growth for the year amounted to 122.4 percent.
The total area of immovable property for which the housing certificates were issued, amounted to 81,830 square meters compared to 18,180 square meters in the same period of 2009. Growth for the year amounted to 4.5 times.
Housing certificates were issued in the amount of 277.1 million manat compared to 14.1 million manats for seven months last year, with a 19.6-times increase. The issuers numbered three.
On Aug. 21, the official exchange rate is 0.804 manat to $1.
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