Yes, foreigners are allowed to buy property in Azerbaijan. A foreigner can buy various types of real estate in Azerbaijan, including houses, villas, apartments, and commercial properties. However, it’s important to note that land ownership is restricted for foreigners in the country. In simpler terms, if you are a foreign citizen or stateless person, you can buy any kind of property except for land.
The government has made efforts to attract foreign investment in the real estate sector, and the process has been simplified in recent years. However, it is recommended to consult with a local attorney or real estate agent to understand the specific regulations and requirements.
Can foreigners buy an apartment in Baku?
Yes, foreigners are allowed to buy an apartment in Baku. A foreigner can buy various types of real estate in capital of Azerbaijan, including apartments.
How can foreigners buy a real estate in Azerbaijan?
Buying 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.