Azerbaijan, Baku, May 22 / Trend , N.Ismayilova/
Experts of the United Nations Economic Commission for Europe (UNECE) held a series of meetings and interviews with the selected specialists and professionals from the ministries and government agencies on May 2-10, the UNECE said. Also, meetings were held with international and local importance, local authorities and developers.
To support these actions, the Government of Azerbaijan has requested the United Nation Economic Commission for Europe (UNECE), through its Committee on Housing and Land Management, to develop a Country Profile on the Housing Sector. The Profile will analyse current trends and offer recommendations and suggestions on how to improve urban planning and housing conditions in the country.
As elsewhere, in Azerbaijan the world financial crisis has affected the housing market, limiting accessibility to alternative investment schemes and sustainable financing mechanisms, the UN report says.
The analysis and recommendations in Country Profile will also focus on identifying adequate housing finance systems along the lines of the envisaged State mortgage programme that is creating the foundations for a mortgage market to help middle-income families purchase their homes.
This is the fourteenth Country Profile developed by UNECE, and follows similar exercises in Kyrgyzstan (2008), Belarus (2008), for which reports will soon be available, and Georgia (2007). The Country Profile for Azerbaijan will be published in the coming months.
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