BAKU, Azerbaijan, July 26. Banks in Azerbaijan issued 57.1 million manat ($33.5 million) in mortgage loans as of July 1, 2025.
Data obtained by Trend from the Central Bank (CBA) indicates that this marks an increase of 13.9 million manat ($8.1 million), or nearly double, compared to the same period last year.
Meanwhile, the volume of refinanced mortgage loans by the Mortgage and Credit Guarantee Fund (MCGF) during the same period reached 67.8 million manat ($39.8 million), up by 7.5 million manat ($4.4 million), or 12.4 percent year-on-year.
Moreover, the average amount of mortgage loans issued by Azerbaijani banks as of July 1, 2025, stood at 64,774 manat ($38,102), which is 2,165 manat ($1,273), or 3.5 percent more than a year earlier.
The average interest rate on these loans was 6.36 percent, slightly up from 6.34 percent during the same period in 2024.
Monthly mortgage repayments also increased. As of July 1, 2025, the average monthly payment was 461 manat ($271.1), compared to 444.2 manat ($261.2) a year earlier, an increase of 16.8 manat ($9.8), or 3.8 percent.
