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Azerbaijani soldiers refer to mortgage more often than others - report

Business Materials 21 August 2018 14:19 (UTC +04:00)

Baku, Azerbaijan, Aug. 21

By Anvar Mammadov – Trend:

Military personnel in Azerbaijan purchases mortgaged residential property more frequently than others, the report of the Azerbaijani Mortgage and Credit Guarantee Fund (MCGF) reads.

At the end of 1H2018, 21.3 percent of all mortgage loans received in the country has fallen to the share of military personnel, the report says.

Second place (21.1 percent) is held by employees of the banking and insurance sectors, while third - by representatives of the energy sector (12.7 percent).

A much smaller share of mortgage loans falls to the share of other categories of population.

About nine percent of mortgage loans has fallen to the share of officers of law enforcement authorities, 4.2 percent - to the share of employees of state agencies, and 3.3 percent – to the share of workers of the communication sector, 2.7 percent – to the share of workers of the education sector, 2.1 percent – to the share of workers of the construction sector, etc.

Shares of employees in various fields who have acquired mortgage loans as of the end of 1H2018:

Spheres

Share (in %)

Defense

21,3

Banks and insurance sector

21,1

Energy sector

12,7

Law enforcement authorities

8,6

Other state bodies

4,2

Communication

3,3

Education

2,7

Construction sector

2,1

Health

1,7

Transport

1,6

Service sector

1,0

Entrepreneurship

0,6

Other

19,0

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