REAL ESTATE REGISTRATION PROJECT ON THE MOVE

Baku, 26 December,(AzerTAj)Following credit agreement, signed between Azerbaijan
Government and International Bank of Reconstruction and Development (IBRD), a Real
Estate Registration Project is underway in Azerbaijan.

The project provides support
for real estate market to ensure a reliable, transparent and efficient real estate
registration system and comprises four component parts, according to State Service
for Registration of Real Estate.
The first and major part implies real estate registration. Some 61% of total costs
of the project are to be assigned for implementation of the first component. Other
components provide for up to date, transparent, unified real estate cadastral and
registration system to meet international standards.
Real Estate Registration Project will be completed in 2013.
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