
Azerbaijan property buyers receive AZN 29.8 million in VAT refunds
The January-October total covers cashless purchases of residential and non-residential premises from developers.

The January-October total covers cashless purchases of residential and non-residential premises from developers.
Most apartments are in Binagadi. Mortgage financing is not available for every project in this sale.
The median rate rose 6.7% in a month. We calculate the difference for three unit sizes.
More than 70 companies from 14 countries took part, with urban infrastructure among the discussion themes.
The AIREX statement compares housing formats; it is not an annual price-growth index or a guaranteed investment return.
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The January-October total covers cashless purchases of residential and non-residential premises from developers.

Most apartments are in Binagadi. Mortgage financing is not available for every project in this sale.

The median rate rose 6.7% in a month. We calculate the difference for three unit sizes.

More than 70 companies from 14 countries took part, with urban infrastructure among the discussion themes.

The AIREX statement compares housing formats; it is not an annual price-growth index or a guaranteed investment return.

The Ejari certificate is issued as soon as a lease is approved. Tenants can also pay the deposit for electricity and water in the same application.

The proposed cash offer needs approval from the Emaar Properties board and would cover shares the group does not already own.

Six municipal lots offered on the same lease term started at about AZN 220 and AZN 105 per hectare per year. The figures are opening terms, not winning bids.

The average loan across the life of the programme was about AZN 68,750. That figure is not a measure of what a homebuyer borrows today.

For a 60 m² apartment, October asking prices imply a gap of AZN 11,796 to buy but just AZN 12 a month to rent.

The first edition runs at Baku Expo Center through November 6. The opening day focuses on development projects and Azerbaijan’s urban planning priorities.

The developer earned AZN 8.25 million in 2025, while its balance sheet showed negative equity of AZN 40.16 million at the start of 2026.

The total covers both completed homes and projects still under construction.

National Fund resources are intended for social, transport and utility projects through end-2029.

Arrests were registered against 1,661 commercial properties covering about 700,000 square metres in Moscow this year, according to Asseto research dated October 16 and published on October 27.

Stronger apartment demand in Kazakhstan could first reduce sellers’ willingness to negotiate, property expert Vitaly Shalayev said in comments on interest rates and housing.

Higher taxes on expensive property are expected to bring Belarusian local budgets about 20 million rubles, according to Tax Minister Dmitry Kiyko’s remarks on STV, reported by Zerkalo.

Industrial and warehouse completions in St Petersburg and the surrounding Leningrad region reached 592,000 square metres in January–September, up 23% year on year, according to Nikoliers figures published by Vedomosti.

Sales of existing single-family homes in California fell 6.5% year on year and 3.4% from August in September, according to C.A.R. figures released on October 19.

Kazakhstan recorded 35,406 housing transactions in September, down 14.3% year on year and 1.1% from August, according to the Bureau of National Statistics.

Private home prices rose 1.4% in the third quarter. Developer sales fell to 1,183 units, a measure that does not cover the entire resale market.

Domain reports house-price declines across every state and territory capital. Perth recorded the sharpest quarterly drop.

The average 30-year mortgage rate eased over the week. On a hypothetical $300,000 loan, the change reduces principal-and-interest payments by about $16.

ONS reports annual rent growth of 3.8% and house-price growth of 0.9%. The measures cover different months and the latest estimates remain provisional.

Geostat reports higher new-home prices in Tbilisi in the third quarter. The index uses sellers’ asking prices and is calculated in Georgian lari.

Four SOFAZ properties in London, Paris, Tokyo and Moscow generated AZN 58.4 million in rent in 2025. Rental growth did not offset a smaller valuation gain.

Construction value added is declining while the housing price index is rising. What this means for supply, buyers and mortgage affordability.

In Q3 2026, housing prices in Azerbaijan increased by 1.4% quarter-on-quarter. The annual growth was 8.4%.

The Central Bank of Azerbaijan has announced that legislative amendments on mandatory property insurance are in the final stage of coordination. The goal is to improve payout transparency and more accurately determine insured sums.

In January-September, Azerbaijan's budget received 165.3 million manats from privatization and lease of state property, 14.2% more than a year earlier.

Thailand, Turkey and the UAE remain the most sought-after destinations for Russian property buyers, while Indonesia dropped out of the top 10 due to legal risks. The median transaction budget rose 9.5% to €298,000.

In September 2026, the average annual growth in prices for non-residential properties in Baku reached 13%. Sabail district saw the highest increase at 27%.

Azerbaijan's State Housing Construction Agency will sell 13 non-residential properties in the Yasamal and Govsan residential complexes. The auction will be conducted by the Auction Organization Center under the Ministry of Economy.

In January–August 2026, Azerbaijan's state budget received 152.5 million manats from privatization and lease of state property, up 20.2% year-on-year.

The Mortgage and Credit Guarantee Fund has issued loans totaling 4 billion 91.682 million manats to 60,016 borrowers. Additionally, 10,092 apartments have been sold through lease.

President of Azerbaijan has signed orders to dismiss Fakhri Kazimov from the post of chairman of the Mortgage and Credit Guarantee Fund and appoint Osman Khaliev to this position.

The State Housing Development Agency (MIDA) held the selection of 535 subsidized apartments in Lankaran, Shirvan, and Yevlakh. The process was carried out under enhanced security measures after attempts of cyber interference.

Khalg Bank offers consumer loans secured by real estate up to 200,000 AZN at an annual rate from 12% until the end of 2026.

Khalg Bank has launched lending for non-residential premises in the Baku City Residences BCR Khatai and BCR Olimpik residential complexes for up to 72 months.

After heavy rains, demand for private homes in high flood-risk areas in Baku and Absheron has plummeted, despite prices halving.

June 2026 was one of the most active months in Tbilisi's residential real estate market, with 4,503 apartments sold and a 52.6% year-on-year growth in the primary market.

In Q2 2026, residential property prices in Abu Dhabi rose 17.8% year-on-year, with apartments up 24.1%. Growth slowed to a two-year low, but the market remains attractive for investors.

In 2026, Dubai may see about 55,600 residential units handed over – the most since 2008. Meanwhile, new launches have declined and construction pace lags behind plans.

In the first half of the year, Kazakhstan distributed 8,649 rental apartments, of which 5,361 were privatized. Support measures include preferential mortgages and housing certificates.

In January-July 2024, Azerbaijan registered 207,035 property ownership rights, up 1.25% year-on-year.

The Mortgage and Credit Guarantee Fund has allocated 208 renovated apartments in Saray settlement, Absheron district, under the rent-to-own mechanism. Monthly payments start from 620 manats.

In Q2 2026, Azerbaijan's housing price index rose 8.6% year-on-year, according to the Central Bank.

The State Housing Development Agency (MIDA) will sell 535 subsidized apartments in Lankaran, Shirvan, and Yevlakh on September 4.

Azerbaijan's State Housing Construction Agency plans to build a residential complex of 16 buildings with 518 apartments in Nakhchivan, including subsidized housing.

The Mortgage and Credit Guarantee Fund of Azerbaijan has issued loans totaling 4 billion 338 thousand manats to 59,216 borrowers and sold 9,657 apartments through rental.

President Ilham Aliyev and First Lady Mehriban Aliyeva attended the groundbreaking ceremony of the Nakhchivan Hotel Complex, designed to accommodate 307 guests.

In January-July of this year, Azerbaijan returned 20 million 16.3 thousand manats in VAT to individuals for cashless real estate purchases.

In July 2024, Azerbaijan's real estate market showed mixed trends: land prices in Baku rose by 4%, new builds by 1.7%, while commercial property and garages saw price declines.

Khalg Bank offers mortgage loans up to 250,000 manats for up to 22 years at rates from 11% per annum. The program runs until December 30, 2026.

In Baku's premium district Sea Breeze, apartment prices vary significantly, from 160,000 to 1.5 million manats depending on the project.

Marriott International's Q2 net profit rose to $766 million, adjusted earnings beat analyst expectations, but revenue fell short of forecasts.

Deputy Prime Minister Marat Khusnullin reported a 3.7% increase in the number of families improving their housing conditions in the first half of 2026.

Euronews Business calculated that buying a €1 million home requires an annual income of over €130,000, exceeding the average salary in all EU countries.

On July 31, the five-star Baku Resort & Spa hotel, built with Azerbaijan's participation, opened on the shores of Lake Issyk-Kul in Kyrgyzstan. The ceremony was attended by presidents of several countries.

Uzbekistan's residential real estate market saw a sharp rise in Q1 2026, with housing transactions up nearly 50% year-on-year, driven by mortgage growth, rising incomes, and buyers rushing to close deals before new escrow rules took effect.
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