“Affordable houses” demonstrated07/05/2018


On May 4, 2018, a meeting was held with the representatives of Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan, agent banks and evaluating companies in the territory of Yasamal Residential Complex, the first project of the State Housing Development Agency within the framework of preparation for sale of affordable houses.

The main purpose of this event is to provide visitors with information about the construction materials and types of repair, showing to the visitors the apartments to be sold in the Yasamal Residential Complex.

The representative of the Agency said that the construction works are underway in the Yasamal Residential Complex of which the groundbreaking ceremony was held with the participation of President Ilham Aliyev and First Vice President of the country Mehriban Aliyeva on December 24, 2016. Construction and masonry works have been completed in 21 buildings of the Complex, which consists of 29 multifamily residential buildings, repair works have begun. The first apartments are planned to be given to the citizens in the summer of the current year.

It has already been announced that 260 apartments have been put up for sale in the first 4 buildings of the Yasamal Residential Complex. All apartments will be offered to citizens in full repair and ready for use. Two types of repair are carried out in the apartments which are totally the same for their quality, and only differ in design. The apartments, which will be sold at a discount, will be handed over together with kitchen furniture. In addition, all apartments are equipped with a combi boiler system, as well as water, gas and light meters. Also, communication, television and internet lines are installed for each apartment.

Later, the participants highly appreciated the initiative to hold such a meeting and expressed gratitude for the conditions created for them. Noting that the repair of the apartments was carried out in good quality, the representatives of the Yasamal Residential Complex emphasized that all the necessary conditions for comfortable and healthy life of future residents were created.

Citizens who have their personal electronic cabinet registered in the "Affordable Housing" system can take advantage of preferential mortgage loans provided by Kapital Bank, Bank BTB, Unibank and Azer-Turk Bank, which are members of the authorized banks of the Azerbaijan Mortgage and Credit Guarantee Fund.

In order to ensure the convenience of citizens, answering of the questions of obtaining a preferential mortgage loan in the relevant branches of these credit organizations and the creation of a personal cabinet in the "Electronic Mortgage" system has been started starting from April 6, 2018. Branches of banks have been identified in different directions of the capital to effectively organize the work and prevent waste of time.

It should be noted that since April 6, more than 2,000 citizens have been served in branches of agent banks and their questions were answered and detailed information was given regarding the acquisition of preferential mortgage loan.

Citizens eligible for affordable housing can get to the addresses indicated in this list or call the contact numbers to get an answer to their questions.

State Housing Development Agency of the Republic of Azerbaijan

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