Who can buy property in Azerbaijan
According to Azerbaijani legislation, property is divided into two categories: movable property (personal property) and immovable property (real estate). "Can foreigners buy property in Azerbaijan?" - short and final answer "Yes, foreigners can buy and own property in Azerbaijan." It should be noted that local residence is not required for such purposes. In other words, if you a foreign citizen or stateless person, you can buy a house, villa, apartment, commercial property and other property, but not land.
How to buy property in Azerbaijan
Buying a property in Azerbaijan usually covers the following processes:
- Finding a proper property, physical inspection and agreement on price and terms;
- Signing of a purchase agreement before notary (Note, it is possible to be represented via notary approved power of attorney, therefore, it is not necessary to be personally and physically in Azerbaijan);
- Together with notary deal stage, application to state registry over the property is conducted;
- Obtaining Title to the property.
Purchasing a real estate that only bears buildings (no land attached) is easy, and most of the processes are conducted at the notary.
Depending on the situation, property transactions have taxes and associated costs. But if properly planned and optimized, it is possible to reduce such taxes and costs.
A foreigner can freely dispose of or sell the property and transfer the proceeds as any local person. Azerbaijani legislation does not discriminate regarding such rights between foreigners or a local person.
For questions or legal support for purchasing real estate in Azerbaijan or real estate law consultancy, please contact us.
Property Azerbaijan Inspection Trips
Our inspection trips propose you best method available for you search for that dream real estate in Azerbaijan. You can feel safe and comfortable during our inspection trip. Buying a property in Azerbaijan always start with well organaised inspection trip.
Our team are well experienced in providing you with great assistance during trip in Azerbaijan. You can expect from our viewing trip ;
- Transfer from Airport ;
- Assistance during your trip ;
- Assistance with opening bank account in Azerbaijan and with all legal proceedings in buying your Azerbaijan property ;
What is inspection trips plan ?
- You will be picked up from Airport by us. We will send someone to wait and pick up you from airport by car.
- The property chosen to visit will be arranged prior to your visit.
- We will introduce you to the legal side of buying property in Azerbaijan. We will help you to prepare all legal documents to buy property in Azerbaijan.
- Finally we will provide you back to the airport from Azerbaijan with best memories.