Baku, July 9 — Azerbaijan has issued a total of 5.1 billion manats (approx. $3 billion USD) in mortgage loans, according to Rasim Abdullayev, Chief Manager of the Mortgage and Credit Guarantee Fund (MCGF), as reported by Report.az.
Of the total, approximately 70% — or 3.5 billion manats — were distributed to 54,800 individuals through state-backed loans issued via the MCGF. The remaining 1.6 billion manats in loans were provided to 12,900 borrowers under commercial mortgage programs run by banks.
Key Figures from 2025:
For the first half of the year, MCGF-reported averages include:
Average mortgage loan amount: 102,340 manats
Average cost of purchased residential property: 155,708 manats
Average loan term: 291 months (just over 24 years)
Average interest rate: 6.4%
Average monthly payment: 727 manats
Average borrower age: 34 years
Target Groups and Guarantees
The Fund has also provided guarantees on 1,294 loans, totaling 116.89 million manats. The demographic breakdown of mortgage recipients highlights the Fund’s focus on social support and youth development:
32% of mortgage recipients fall under preferential categories (likely including public sector workers, veterans, and low-income groups),
67% are youth and young families,
22% are residents of regional areas, spanning 52 cities and districts outside the capital.
The figures underscore Azerbaijan’s continued efforts to improve housing affordability and access to credit, particularly among younger and lower-income populations. The MCGF plays a central role in reducing risk for lenders and expanding credit availability, in line with the government’s long-term housing and social development strategy.
