How to start Real Estate Business in Azerbaijan

If you want to buy a property worth 60 thousand dollars in Azerbaijan, then what will be its benefit? The remaining amount is only ten thousand dollars. If he buys a car with that, then he can work here, meaning he can drive a taxi and give a good life to his children, that we open the door of our own house ourselves, and no one knocks on the door of our house. Sixty thousand does not mean that every property in Azerbaijan costs sixty thousand dollars. There are properties cheaper than this.

You were talking about what to do after coming here. Many friends in Azerbaijan, when someone is told to buy a property of sixty thousand dollars, then here you get TRC plus PR and later passport. So in the minds of many people, the question comes: what are we going to do in this country? After investing so much money, what will we do?

The benefits of buying property in Azerbaijan, or some people are such friends that if they want to buy a property worth sixty thousand dollars, then what will be its benefit? Because some say there is no labor work here, there are no jobs here, so what benefit do we get from coming here? Especially two kinds of friends can come here — one type of friends are those who have money and want to invest in a country where property prices will go up in the coming time and they will get benefit.

Another type of friends are those who want to invest in a country like people in Pakistan go to Murree for holidays, so they want to go to a place where they have their own house, and they can come back after spending holidays. Such friends can also invest here.

And the friends who have around 60 to 70 thousand dollars, if they buy a house for 60 thousand dollars here, and the remaining ten thousand dollars are left, they buy a car from that, then they can work here, meaning they can drive a taxi and give a good life to their children.

Now, what property do you get for sixty thousand dollars? How many bedrooms or what size? Shed some light on this as well. Actually, in Azerbaijan, as you know in Pakistan too, property depends on location — which location you are buying in.

Some friends — our Pakistani mindset is such — we want land houses, that we open the door of our own house ourselves and someone knocks on the door of our house.

But in Azerbaijan, land property — land houses — are cheaper. Apartments are expensive because you get more facilities in apartments. A land house you must maintain yourself. Apartments already have a community that maintains the building. There are people who maintain the lift, people who maintain the water, the hot water that comes in the house that keeps the house warm — that is also managed by the building’s management. Management charges and management work are more, and they take annual fees.

Apart from this, even the smallest house in Azerbaijan is about one or two "sot". One "sot" is around four marlas; two "sot" is eight marlas. Now if a house is land-based, one house is eight marlas, another is ten marlas, then you understand how much area they cover. And if you want to give facilities for that, the costs will be lower because there is no wastage.

But buildings are on top of each other, and in one area a whole small city is built. Under the building, there is already a supermarket, next to it a medical store, next to it grocery shops, and many other things are right downstairs. That is why apartments in Azerbaijan are expensive, and land houses are cheaper.

But the government condition is that sixty thousand dollars does not mean all properties in Azerbaijan are sixty thousand. You can even get properties for twenty thousand dollars, even thirty thousand dollars. But for a foreigner, it is necessary that if he wants TRC here or he wants PR here or at the end wants a passport here, then he must invest sixty thousand dollars.

Now tell us what comes in sixty thousand. Sir, in sixty thousand dollars you get around a four or five room house — four rooms — a land house, which has around eight marlas of land and four rooms, toilet, bath — you can easily get a house. Apartments of two rooms or two-three rooms are also available but outside the city. Inside the city, you won't get it.

How much does it cost in the city? Now this is Nizami Street. Here even a one-bedroom apartment costs around one hundred thousand dollars. In Azerbaijan, a two-bedroom means a setting and sleeping room. In Pakistan, one room is called bedroom, but here two-bedroom is used. In Dubai also it is called one-bedroom hall, but here it is called two-bedroom.

Now regarding the property you buy — is there a transfer fee? Any government fee? If I bought it, do I have to pay any charges or tax? Yes, when you buy property in Punjab, the fee for transferring the name is very low — almost nothing. How many percent or how much is it? Around — we bought a house recently, its value was around sixty to seventy to eighty thousand dollars, and the total fee was around five to six hundred manats — almost nothing. Almost nothing.