BAKU, Azerbaijan, April 29. Over the period
covering 2006–2026, approximately 58,000 mortgage loans with a
total value of 3.87 billion manat ($2.2 billion) were issued, and
the number of rental apartments with a purchase obligation reached
9,306, Anar Guliyev, Chairman of the Committee on Urban Planning
and Architecture, stated at an event titled "Entrepreneurship
Development is a Strong Economy," held in Baku today, Trend reports.
He emphasized that mortgage lending has contributed to the
activation of the housing market, accelerated the implementation of
new projects, and increased the investment attractiveness of the
construction sector.
According to him, this instrument has supported improvements in
social welfare, ensured the long-term and stable development of the
construction sector, and contributed to the formation of a more
stable and predictable market environment for both local and
foreign entrepreneurs.
Guliyev further noted that over the same period, approximately
58,000 mortgage loans totaling 3.87 billion manat ($2.2 billion)
were issued, while the number of rental apartments with a purchase
obligation increased to 9,306. In addition, support mechanisms
amounting to 707 million manat were applied in the form of
guarantees and subsidies.
The chairman added that these measures reflect consistent
policies in the fields of urban planning, reconstruction, and
housing provision, as well as contributions to global challenges
related to climate change and urbanization, alongside joint
initiatives with the UN-Habitat Program. He also noted that 2026
has been declared the "Year of Urban Planning and Architecture" in
the Republic of Azerbaijan.
