Guidance to Purchase a Luxury Apartment in Azerbaijan
n recent years, we have observed a significant increase in foreign investments in the real estate sector in Azerbaijan. It should be noted that although foreigners invest in both non-residential and residential areas, the specific weight of investment related to the purchase of residential areas is greater. It should also be noted that foreigners prefer to invest in premium residential projects (luxury villas and apartments) located mainly in Baku.
Why to invest in Premium Residential Projects (villas ana apartments) in Baku, Azerbaijan?
The main share in premium real estate investment in Azerbaijan belonged to citizens of the Republic of Turkey until recent years. However, especially after the end of the pandemic, although citizens of Turkey continue to invest, citizens of many countries are more noticeable in investing in premium residential areas. Thus, in recent years, investments from Arab countries, Russia, and also from Western countries have taken the main place in investments in luxury residential areas. Of course, there are certain reasons for this.Thus, the observed increase in the number of tourists coming to our country in recent years naturally affected the investment processes. Also, naturally, the current war has caused many people from Russia to go to Azerbaijan. Of course, some of them also invested in luxury real estate projects (premium villas and apartments).
Why foreigners invest in Azerbaijan?
According to our observations, foreigners primarily invest in premium real estate projects (villas and apartments) in Azerbaijan for the following reasons:
- Attractive Real Estate Projects – Especially in recent years, magnificent real estate projects, as well as townships consisting of these projects, have been built in Baku.The fascinating premium residential projects being implemented make locals as well as foreigners interested in investing.
- Real Estate Prices and Investment Returns – Premium residential projects in Azerbaijan are not only attractive, but their prices are also quite appealing. However, at the same time, their prices are also steadily increasing.
Legal Services and Consulting PROCO offers.
As PROCO, we provide consulting and legal assistance services related to investing in premium residential projects in Azerbaijan.As PROCO, we provide consulting and legal assistance services related to investing in premium residential projects (luxury apartments and villas) in Azerbaijan. In addition to providing you with high-quality services, we also ensure your rights. So, at PROCO, we not only provide you with minimum prices for premium real estate projects, we also provide our official guarantee on the corresponding prices.
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Harold Nelson
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Laura Dern
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