Today.Az - Registration of rights on real estate increases in Azerbaijan

As a result of the use of innovative services in 2017, an increase of 14.5 percent in the registration of rights to real estate and an increase of 18.5 percent in the initial registration of rights to real estate were observed in Azerbaijan, said Hikmat Mustafayev, head of the Real Estate Public Register Service under the State Committee on Property Issues.

He made the remarks at a business dialogue, held until the topic “A new stage in the registration of real estate: an electronic extract, innovative methods and convenience for citizens” in Baku April 9.

The business dialogue was attended by representatives of the private sector involved in real estate registration, NGOs, realtors and experts.

Mustafayev noted that 24 of 37 electronic services provided by the State Committee, are for the registration of real estate.

He noted the use of electronic extracts among the introduced innovations.

“An electronic extract from the Real Estate Public Register Service is an innovative service that allows increasing transparency and efficiency in this area and creating convenience for citizens. From February 20 to March 30 of 2018, 1,000 such extracts have already been issued,” Mustafayev added.