AZE.US
Investment in overseas real estate remains one of the most actively pursued strategies among Azerbaijani citizens, with demand continuing to rise in recent years, according to market data and industry observers.
Statistics covering the past two months indicate that Azerbaijani nationals ranked among the top five foreign buyers of residential property in Turkey. Market analysts say most purchases are investment-driven, particularly in tourist regions where rental yields are seen as attractive.
Turkey Leads Foreign Purchases
Turkey remains the primary destination for Azerbaijani buyers. Industry representatives note that many properties are acquired with the intention of generating rental income, especially in coastal and tourism-focused areas.
Thousands of Azerbaijani citizens purchase real estate in Turkey annually, according to sector estimates.
Russia and Georgia Also Attract Buyers
A significant number of Azerbaijani nationals residing in Russia continue to invest in property within the Russian Federation, particularly those holding Russian citizenship.
Georgia is also viewed as a comparatively accessible market for foreign buyers. Legislative changes in recent years have simplified acquisition procedures for non-citizens. In certain cases, mortgage financing is available to foreigners at relatively low interest rates, reportedly starting from around 4% annually, depending on lender conditions.
Legal Restrictions Vary by Country
Regulatory conditions differ significantly across jurisdictions. In some countries, foreign nationals face restrictions on purchasing land. In others, residency status or additional legal requirements may apply.
Certain states with strict visa regimes impose broader limitations on foreign property ownership.
Foreign Buyers in Azerbaijan
Azerbaijan’s domestic market also records activity from foreign investors. Under national legislation, foreign citizens are prohibited from purchasing land plots but are permitted to acquire apartments and residential units.
Over the past two months, foreign nationals purchased 2,541 residential properties in Azerbaijan, representing a 5.1% increase compared with the same period last year, according to official statistics.
Analysts note that cross-border property investment remains influenced by exchange rate dynamics, regional mobility, and long-term capital preservation considerations.