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Real Estate Registration Project


   
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Real Estate Registration Project (RERP) (Active)
 Mission11. One of the longer term objectives for Azerbaijan is to improve economic development in the non-oil sector, and one of the underpinning facilities for enabling this to happen is to have a sound real estate administration and management capacity. Revenues from the oil sector and from other sources are often invested in real estate, but the lack of legal security for real estate, inefficient transaction processes, and poor management in the development of urban areas, has resulted in a poorly functioning real estate market. In rural areas the issuance of title and security of tenure provided during the privatization period needs to be maintained by allowing people to inherit, lease or buy properties with security
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