Azerbaijan Expands Access to Housing: 85 Million Manats Injected into Mortgage Fund

The authorized capital of Azerbaijan’s Mortgage and Credit Guarantee Fund has been increased by 85 million manats, bringing the total to 1.153 million manats.

This strategic funding, allocated from the state budget, aims to expand affordable mortgage lending programs. To date, the fund has issued over 54,918 mortgage loans totaling more than 3.56 million manats.

Akif Nasirli, head of the Center for Liberal Economists, noted:

“This annual state support reflects the high public demand for long-term housing. With the added capital, more citizens will now be able to access favorable mortgage terms, and the fund’s financial sustainability will be preserved.”