The Truth About RENTING VS BUYING APARTMENT IN BAKU,AZERBAIJAN.

RENTING an APARTMENT IN AZERBAIJAN is a good option if you're unsure of a LONG-TERM STAY IN AZERBAIJAN or don't want to deal with the upfront costs and commitment of BUYING. LEASE AN APARTMENT IN AZERBAIJAN can be up to 10 years and typically doesn't require a security deposit. On the other hand, BUYING AN APARTMENT is a good choice if you plan to LIVE IN AZERBAIJAN for a long time and want to build equity. While foreigners can BUY APARTMENTS, they cannot purchase land. Remember that buying comes with additional costs like government fees, property insurance, and real estate agent fees on top of the purchase price. RENTING is especially common among newcomers to AZERBAIJAN, with Baku being the country's most expensive city for property. Whether you RENT OR BUY, consider using a real estate agent to help navigate the process. It totally depends on the LONG OR SHORT TIME STAY IN AZERBAIJAN.
Many of you have asked me about RENTING AN APARTMENT IN AZERBAIJAN, BUYING AN APARTMENT IN AZERBAIJAN, RENTING VS BUYING an APARTMENT, APARTMENT COST,
AZERBAIJAN APARTMENT RATE,APARTMENT IN BAKU and many more.
This video is about the pros and cons of RENTING OR BUYING AN APARTMENT IN AZERBAIJAN. I am talking about the residential buildings in Narimanabad, Baku. Here are the key points:

In AZERBAIJAN, most people prefer to live in APARTMENTS in HIGH-RISE BUILDINGS rather than houses.
BUYING AN APARTMENT is very expensive because the Azerbaijani currency is strong. That means THE RATE OF APARTMENT IN AZERBAIJAN is high, It’s difficult to buy even a small apartment.
RENTING AN APARTMENT is more affordable. You can find an apartment for rent for 1.5 lakh manat and up. Locals can LEASE AN APARTMENT IN AZERBAIJAN for 10, 15, or 20 years.
The biggest benefit of buying PROPERTY IN AZERBAIJAN is that you can get a residence card. I recommend considering getting a residence permit through property purchase (TRC) if you are considering living in Azerbaijan.

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