BAKU, Azerbaijan, The largest number of mortgage agreements were concluded in Baku, State Committee on Property Issues under the Ministry of Economy of Azerbaijan told Trend.
A total of 28,243 mortgage agreements were concluded in Baku from January through September 2022, which is 55 percent of the country’s total.
According to the state committee, 5,781 agreements were concluded in the Absheron Territorial Department No. 4 of the Public Entity of Legal Law “State Cadastre and Real Estate Register” of the State Service, 3,493 agreements – in Sumgayit Territorial Department No. 2, 2,394 agreements – in the Ganja Territorial Department No. 3 and 2,291 agreements in Khachmaz Territorial Department No. 5.
Moreover, real estate on the security was issued most often in the Yevlakh Territorial Department No. 17 and the Shirvan Territorial Department No. 13.
Territorial departments
Total number of mortgage agreements
Share across the country (%)
1.
Baku Territorial Department No.1
28,243
55 percent
2.
Absheron Territorial Department No.4
5,781
11.3 percent
3.
Sumgayit Territorial Department No.2
3,439
6.7 percent
4.
Ganja Territorial Department No.3
2,394
4.7 percent
5.
Khachmaz Territorial Department No.5
2,291
4.5 percent
6.
Yevlakh Territorial Department No.17
1,105
2.2 percent
7.
Shirvan Territorial Department No.13
955
1.9 percent
8.
Barda Territorial Department No.17
881
1.7 percent
9.
Beylagan Territorial Department No.6
810
1.6 percent
10.
Lankaran Territorial Department No.10
751
1.5 percent
11.
Shamkir Territorial Department No.11
718
1.4 percent
12.
Shaki Territorial Department No.12
637
1.2 percent
13.
Gabala Territorial Department No.9
631
1.2 percent
14.
Udjar Territorial Department No.16
628
1.2 percent
15.
Jalilabad Territorial Department No.8
620
1.2 percent
16.
Tovuz Territorial Department No.15
602
1.2 percent
17.
Shamakhi Territorial Department No.14
438
0.9 percent
18.
Zagatala Territorial Department No.18
423
0.8 percent
Country’s total
51,347
100 percent
Source: TREND News Agency