243 families acquire apartments for the first time on preferential terms under the new Rule05/09/2019

Fulfilment of the tasks set in accordance with the changes to the “Rules of acquisition by citizens of apartments being at the disposal of the State Housing Development Agency of the Republic of Azerbaijan using mortgage credits on preferential terms”, effected by Resolution №469 of the President of the Republic of Azerbaijan dated 14 January 2019, continues successfully.

Purchase and sale of 243 out of 253 apartments selected via the “Affordable Housing” system over the “Electronic Government” portal on 12 and 14 July 2019 in buildings 6-13 of the Yasamal Residential Complex, the first project of the State Housing Development Agency, at citizens’ own cost has been accomplished successfully. 29 Out of these apartments were acquired by those citizens who, for the first time, made selection of apartments in the order of waiting via the “Affordable Housing” system on 14 July 2019. Of them 24 persons are those who selected apartments in the first row, and 4 in the second row.

Of the 243 apartments acquired on preferential terms, 43 are one-room, 137 two-room, and 63 three-room apartments.

Citizens who have owned apartments at their own cost made the following payments, having benefited from the additional discounts applied by the Agency:

for a one-room apartment - 26 933 Manats (29,925 Manats before the discount);

for a two-room apartment - 42 887 Manats ( 47 652 Manats before the discount);

for three-room apartment - 58 875 Manats (65 417 Manats before the discount).

Persons who have served at least three years in military, military servicemen of the Republic of Azerbaijan being in the reserve, or in retirement, those who have been in the state service for at least fifteen years, including those who have been in a special type of state service and persons being in the state service for at least three years, including in a special type of state service, were in the majority among those who have acquired an apartment.

The remaining 10 apartments will soon be put to sale together with other apartments in an announcement to be made in connection with the sale of apartments in the Yasamal Residential Complex. To date, in general, 817 persons acquired apartments on preferential terms as a result of the sales carried out in the Yasamal Residential Complex.

Details of the statistics on the sales’ results may be found here.

State Housing Development Agency of the Republic of Azerbaijan

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