AZE.US
Homes in the same area can sell at sharply different prices even when they are similar in size, condition and construction quality. One of the main factors is whether the property has a legally registered title deed.
Real estate expert Elnur Azadov said apartments without title deeds typically sell for around 15% less than comparable units with fully registered ownership documents.
The difference is especially visible in new residential buildings, where buyers see undocumented apartments as carrying greater legal risk. Registering ownership later may also require additional time and expense.
Homes with title deeds are considered more liquid because they are easier to sell, inherit or finance through a mortgage. This helps keep their market value higher.
For detached houses, the price gap is usually wider, ranging from 15% to 20%, according to the expert.
The final price also depends on location, construction quality, number of floors, the size of the land plot and access to roads and other infrastructure.
In practice, the absence of a title deed can reduce the value of an apartment by around 15% and the value of a private house by as much as 20%.
AZE.US