Buying commercial real estate in Azerbaijan
In recent years, alongside the increase in the number of foreigners investing in residential real estate in Azerbaijan, we have also noticed a significant rise in foreign investment in commercial real estate. Therefore, foreign investors are actively purchasing various types of commercial properties in Azerbaijan, including luxury hotels, restaurants, office spaces and shops, primarily in Baku. Clearly, numerous factors are attracting foreigners to invest in commercial properties in Azerbaijan. This article will outline those factors, provide useful information, and discuss the legal aspects of commercial real estate investments in the country.
We believe this blog post will be informative for foreigners planning to purchase in commercial properties in Azerbaijan. Additionally, if you require legal services or consulting regarding the process of commercial real estate investment in Azerbaijan, do not hesitate to contact PROCO for assistance
Why to invest in commercial properties in Azerbaijan?
There are various reasons why foreign investors purchase commercial properties such as hotels, office spaces, and shops in Azerbaijan. Based on our years of experience in the country’s property market, we can highlight some of these reasons as follows:
- Firstly, compared to many countries, the sale prices of commercial properties in Azerbaijan are not only less expensive but are also steadily increasing.
- Secondly, the main factor is that the lease value of commercial properties in Azerbaijan is sufficiently high, which encourages foreign investors to consider investments in the country.
The process of purchasing commercial real estate in Azerbaijan
In Azerbaijan, foreigners have the same rights as local citizens to purchase commercial real estate. Thus, they can invest in luxury hotels, restaurants, shops, and office spaces just as locals do. Additionally, the process for foreign investors to purchase commercial real estate in Azerbaijan is quite straightforward. Based on our experience, we recommend the following practical steps to foreign investors in the process of buying commercial real estate:
- Determine your investment objective: Before investing in commercial real estate in Azerbaijan, it is crucial to determine your investment objectives by carefully considering the realities of the current real estate market.
- Find the real estate that best suits your investment goal: Identify the type of commercial real estate that best fits your criteria by conducting relevant market research. Before investing, it is advisable to consult with investment consultants who can help prepare a suitable plan tailored to your goals.
- Ensure all legal aspects are compliant: It is very important to hire a real estate lawyer for the investment process to identify and prevent any legal risks that might occur over time. Therefore, do not hesitate to contact real estate lawyers if necessary.
- You can invest now.
PROCO services for the commercial real estate investment in Azerbaijan
Finally, if you require professional investment consulting or legal assistance for commercial real estate investments in Azerbaijan, feel free to contact PROCO. Our team of real estate lawyers and investment consultants is ready to provide you with the necessary services related to commercial real estate investments in our country. We would be delighted to assist you and share our expertise!
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