Baku — September 8, 2025
Apartment prices purchased with mortgages in Azerbaijan have surged by nearly 40 percent over the past four years, according to real estate experts.
Khazar TV reports that demand for mortgage-backed housing has grown sharply, driving prices up across the market. Analyst Elnur Farzaliyev noted that buyers increasingly rely on mortgage loans as overall housing costs climb, fueling further competition for available apartments.
“The rise in mortgage activity itself reduces the number of properties on open sale, since apartments under long-term financing effectively leave the market for years,” Farzaliyev explained.
Economists say this dynamic creates a double effect: growing demand sustains price increases, while reduced supply intensifies pressure on the housing market.
With expectations of continued growth in mortgage lending, experts believe the upward trend in apartment prices is likely to persist.
