Arif Garashov, the head of the State Service for Registration of Real Estate, stated that at present approximately 50% of new buildings do not have state registration, Trend reports.
He explained it with a problem of state acceptance of the buildings. At present the private companies carry out 95% of the construction of houses in Azerbaijan. Some of them do not meet the necessary norms, standards and requirements. As a result, they are not submitted for state registration.
Moreover, some companies have financial shortages, which also affects on the process of state registration.