58,000 families in Azerbaijan have become homeowners through mortgage mechanisms, Azerbaijan’s First Deputy Finance Minister Anar Karimov said during the session titled “A New Deal for Housing Finance” held within the framework of WUF13.
He stated that housing policy is not only about buildings, but also about people’s future, social inclusivity, and equal opportunities.
Anar Karimov noted that approximately 3 billion people around the world may need housing in the next 20 years, and therefore it is important for housing finance to be accessible, inclusive, and financially sustainable.
According to him, Azerbaijan has formed a housing finance system over the past 20 years that combines social inclusivity and financial sustainability.
The First Deputy Finance Minister stated that the Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan has become one of the main institutional pillars of the country’s domestic housing finance system.
Anar Karimov emphasized that more than 58,000 mortgage loans and 9,000 housing sales through rental mechanisms have been financed through the fund so far.
