Some 1400 families own affordable housing24/12/2019

Since the very first day of its activity, the State Housing Development Agency of the Republic of Azerbaijan has been successfully performing its duties to improve the housing and household conditions of the country’s citizen, providing them with affordable apartments, based on the tasks set by the President of the Republic of Azerbaijan.

Sale of 568 apartments out of 570 chosen via the “Affordable Housing” system over the “Electronic Government” portal on 16.10.2019 and 18.10.2019 in the Yasamal Residential Complex - the first project of the State Housing Development Agency, was successfully completed.

Of these apartments, 17 were acquired by persons who had made a choice of an apartment in the order of waiting via the “Affordable Housing” system on 18th October. 146 of those citizens who owned an apartment acquired them at their own cost, while 422 persons purchased them using a mortgage credit on preferential terms.

You can become familiar with the statistics of the sale here.

As a result of 5 sales held to date, 1385 families, in general, owned affordable apartments in the Yasamal Residential Complex- the first project of the State Housing Development Agency.

Out of the apartments acquired using a mortgage credit on preferential terms, 247 are one-room, 794 two-room, and 344 three-room apartments. All apartments were commissioned to their owners with full interior furnishing works completed, and provided with kitchen furniture and individual heating system (including a heating device-kombi), as well as with water, gas and electricity meters.

Sale of the remaining 248 apartments in the Complex will take place on 25.12.2019.

Moreover, with a view to providing military servicemen with apartments, based on the “Strategic Roadmap on developing provision with affordable housing in the Republic of Azerbaijan” and the request received from the commission established by the Order, dated 28 December 2011, “On actions on strengthening the social protection of military servants of the Armed Forces of the Republic of Azerbaijan”, 436 fully furnished apartments were allocated in the Hovsan Residential Complex, Baku city, constructed by the order of the State Housing Development Agency. Currently, works are underway to hand over these apartments to military servicemen’s ownership, and legalization thereof in their name.

State Housing Development Agency of the Republic of Azerbaijan

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