IRPF and Azerbaijan Real Estate Market Participants Union sign deal

Mr. Ibrahimov said the document is aimed at developing real estate market in the country. He added that the IRPF intends to present the best experience and international market standards to Azerbaijan’s real estate market under terms of the USAID Corporative Agreements.

The deal is aimed at promoting protection of the public, establishing and developing home ownership, private banks and legal framework to support fair real estate market.

Mr. Norman D. Flynn said the IRPF has rendered assistance to bring real estate markets in 17 countries in line with international standards.

The IRPF was established in 1992, as an independent, nonprofit organization designed to help in the transition from centrally planned to market driven economies in Central and Eastern Europe and the Newly Independent States of the former Soviet Union. The mission of the IRPF is to help create free, efficient, honest and equitable real estate markets anchored to private property rights; to develop an ethical and trained real estate profession committed to protection of the public and organized into representative real estate associations; and to promote home ownership as a key element of free societies. APA-Economics