RECEXPO LEADS AZERBAIJAN REAL ESTATE SECTOR
agendas after success of RecExpo in previous year. International companies, projects
and investors get together on 28-30 November 2017 in Baku Expo Center.
New Trend In Azerbaijan: Real Estate Investments Abroad
Azerbaijan that attains its majority with making success of economical crisis after gain
independence in 1991 maintains its development also at the present times and welfare level
and power of purchase increase year by year.
Real estate is in the most developing sectors in Azerbaijan. In just 20 years, the population of
Baku has surged, growing from 1.5 million to almost four million residents. Yearly rising
birth rate and number of marriages also make increase demand for new houses. According to
Ilham Behbudov, Director of Baku-headquartered Corporate Real Estate Solutions
(CRES), this has been the catalyst for strong domestic demand, with a rising price-
meets-quality focused middle class driving residential development. On the other hand,
with the growing in domestic real estate demand, investments in real estate abroad are also
developing so rapidly. Azerbaijanis usually buy property abroad for business interests but also
for personal affairs as the number of young Azerbaijanis studying abroad is increasing year by
year. Location of Azerbaijanis’ real estate investment depends on their economic power from
rich Middle East cities, Dubai, Qatar, to more affordable East Europe cities. Russia, Turkey,
Spain, Greece, other European, Balkan and Middle East countries also stay on course of
investors.
Real Estate Projects in Azerbaijan Reflect Country’s Future
RecExpo brings international real estate and investment companies in Azerbaijan that has this
investment power. This investment power reflects also in Azerbaijan’s real estate sector as
well. The county itself is known architectural landmarks like the Flame Towers, the Zaha
Hadid-designed Heydar Aliyev Centre and the giant rolled carpet inspired Azerbaijan
Carpet Museum. Increasing demand, level of welfare of growing population and these
worldwide well know projects support the real estate projects in the sector. Numerous big real
estate projects are signed in recent years such as Baku White City, Port Baku Residence.
Real estate sector gains momentum for all segments’ buyers in Azerbaijan. These
developments increase interest in real estate from domestic and international buyers. Mr.
Behbudov says that ” The combination of quality infrastructure, major tourist
destinations, an enjoyable climate and government focus on economic diversification is
turning Baku into a regional jewel; and, moving forward, we anticipate increasing
demand from foreign investors and buyers”. In RecExpo 2017, these local and
international projects and more will meet with its visitors.
Success of RecExpo Is Accepted Officially
RecExpo prepares to be most effective platform in real estate sector in also this year after its
success in previous year. RexExpo that makes big impression in Azerbaijan and international
real estate sector brings pioneer international and local companies in Azerbaijan this year. In
previous year, RexExpo that opens its doors with 91 companies from 12 different countries
like Turkey, Mexico, Jordan, Morocco, Kuwait, Egypt, Palestine, Iran, Portugal etc.
hosts more than 5400 international and local professional visitors. In the exhibition, more
than 152 real estate projects were exposed and investment trust, commercial and serving
banks, mortgage banks, leaving companies took part in this effective platform and got the
chance to present their services. RecExpo that takes attention of media as much as
companies, was visited by Mr. Ilham Aliyev, the President of Azerbaijan and his wife
Mehriban Aliyev, companies found change to present their project directly to president and
have a conversation about their business. Moreover, RecExpo that it’s opening ceremony was
made by Mr. Kerem Hesenov who Minister of State Committee on Property Issue of
Azerbaijan, hosted ambassadors and commercial fires from different countries such as
Turkey, Mexico, U.A.E., Kuwait, Hungary, and Morocco etc. and top level officials from
important associations and federations of Azerbaijan such as ASK, AZPROMO, ABA etc.
At the same time, “Real Estate, Privatization and Investment” conference that moderated by
Mr. Elshad Khanalibayli who Chair of the United Nations Economic Commission for
Europe Intergovernmental Working Party on Land Administration was organized and 5
speakers experts in their fields shared their knowledge about sector analyze, trends and
investment changes.
RecExpo that makes continuous its success also in this year will be in Baku Expo Center
with its international and local pioneer companies, projects on 28-30 November 2017.
Take already note in your agenda and your booth to not miss strong real estate
exhibition.
Elan Expo makes its mark in the international fair sector with its experience since 1997. Elan
Expo that explores and analyses potentials of countries and sectors, develop trust with leading
right company to right country and sector via its exhibitions in 10 different countries and 7
different sectors.