The Housing Finance Sector data for Azerbaijan extends back to 2007. Please click on the Research Center tab above to access data for previous years not shown.

Azerbaijan : Statistical Data At-A-Glance
Total population9.65 million2015WDI
Urban population (% of total)54.62% of total2015WDI
GDP, current prices (U.S. dollars)54,048 USD (millions)2015WEO
GDP based on PPP per capita GDP (Current international dollar)17,993.43 USD 2015WEO
Inflation, end of period consumer prices (Percent change)7.59%2015WEO
Average bank deposit rate9%2015IFS
Lending rate17.53%2015IFS
Owner-occupied units86.7% of total2012SSC
Total amount of home mortgage loans outstanding at the end of year in millions of USD:1,217.68 USD (millions)2015Country Editor
Total amount of home mortgage loans outstanding at the end of year as % of GDP (current)2%2015Country Editor
Total # of home mortgage loans outstanding at the end of yearNot available2015Country Editor
Typical LTV at origination77.52015Country Editor
Typical pmt-to-income ratio (HH income)67.5%2015Country Editor
Retail funding (deposits/other)tertiary2011CBA and AMF
Funding through mortgage bonds primary2009IUHF Azerbaijan Factsheet 2010
Other secondary2009IUHF Azerbaijan Factsheet 2010
Typical number of days needed for the transfer of title8.52015WDI

About the Editor

Azerbaijan Mortgage Fund

Azerbaijan Mortgage Fund
The Azerbaijan Mortgage Fund was established under the National Bank of the Republic of Azerbaijan (NBAR) by Presidential Decree dated 16 September 2005.Its purpose is the establishment of a financing mechanism for mortgage lending in Azerbaijan. It is a state-owned institution not engaged with granting of mortgage loans to the population, but rather the refinancing of mortgage loans issued by authorized credit organizations selected by the NBAR.

The main functions of the Azerbaijan Mortgage Fund are as follows:

    Refinancing mortgage loans made by authorized credit organizations;

    Defining requirements on refinanced mortgage loans;

    Issuing mortgaged back securities to attract financial funds;

    Managing financial risk to provide its activity and stability;

    Taking measures within its authority to provide liquidity in mortgage lending and attract inexpensive financial resources.