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Real Estate in Baku, Azerbaijan | Digital Nomad Exchange
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Fountain Square in Baku, Azerbaijan

Real Estate in Baku, Azerbaijan

By Joshua Wood, LPC

Last updated on Dec 05, 2024

Summary: The most desirable neighborhoods in Baku, Azerbaijan are Yasamal, Sabail, and Narimanov. The average cost to buy a nice 2 bedroom home in Baku is around $200,000 USD, while a nice 3 bedroom home can cost around $300,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and high-speed internet. Foreigners are allowed to purchase property in Baku, however, they must obtain a permit from the State Committee for Property Issues. When searching for a home to buy in Baku, it is best to use a real estate agent or a property search website. It is also important to research the area and the neighborhood to ensure that it is safe and secure. Additionally, it is important to consider the cost of living in the area and the availability of amenities.

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How do I find a place to live in Baku?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One of the best ways to find a place to live in Baku is to use online resources such as websites and social media. Websites such as BakuRent.az, BakuRealty.az, and BakuRealEstate.az offer listings of apartments, houses, and other properties for rent or sale in Baku. Additionally, social media platforms such as Facebook, Instagram, and Twitter can be used to search for rental properties in Baku. Additionally, it is possible to find a place to live in Baku by asking around in the local community. Many people in Baku are willing to help newcomers find a place to live, and it is possible to find a place to live through word of mouth," said one person in Baku.

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What is a typical expat home or apartment like in Baku?

"Expat homes and apartments in Baku typically feature modern amenities and luxurious furnishings. Many expat homes and apartments have spacious living areas, large bedrooms, and fully-equipped kitchens. Many also have balconies or terraces with stunning views of the city. Expat homes and apartments in Baku are often located in the city center, close to shopping, dining, and entertainment options," remarked one foreigner who made the move to Baku.

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What is the average cost of housing in Baku?

If you are thinking about moving to Baku, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Baku can vary greatly depending on the size and location of the property. Generally, the average cost of a one-bedroom apartment in the city center is around $500 to $700 per month, while a two-bedroom apartment can cost up to $1,000 per month. Prices for larger apartments and houses can range from $1,500 to $2,500 per month," said one expat in Baku.

Should I buy or rent a home in Baku?

If you have not spent a lot of time in Baku, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Buying a home in Baku can be a great investment. The city is growing rapidly and property values are increasing. Renting a home in Baku can also be a great option, as it allows you to enjoy the city without the commitment of a long-term purchase. It is important to consider your budget and lifestyle when deciding whether to buy or rent a home in Baku. If you are looking for a long-term investment, buying a home may be the best option. However, if you are looking for a more flexible living situation, renting may be the better choice," said one expat who made the move to Baku.

What do I need to know when buying property in Baku?

When we asked expats what advice they would give a foreigner before buying a property in Baku, they said:

"1. It is important to research the local market and understand the current trends in the real estate market in Baku. 2. It is important to understand the legal requirements for purchasing property in Baku, including any restrictions on foreign ownership. 3. It is important to be aware of the local taxes and fees associated with purchasing property in Baku. 4. It is important to be aware of the local infrastructure and amenities in the area where you are looking to purchase property. 5. It is important to be aware of the local customs and culture when purchasing property in Baku. 6. It is important to be aware of the local laws and regulations regarding property ownership in Baku. 7. It is important to be aware of the local banking and financing options available when purchasing property in Baku. 8. It is important to be aware of the local real estate agents and brokers who can help you with the purchase process," said one person in Baku.

Are foreigners allowed to own property in Baku?

When we asked expats what advice they would give a foreigner before buying a property in Baku, they said...

"Yes, foreigners are allowed to own property in Baku. The country's legislation permits non-citizens to purchase and own real estate, including residential and commercial properties. However, there are certain restrictions on owning agricultural land and properties near strategic facilities or border areas. Foreigners are advised to consult with a local real estate agent or legal expert to ensure compliance with all regulations and procedures when purchasing property in Baku," explained one foreigner living in Baku, Azerbaijan.

What appliances are typically included in a rental?

We asked foreigners in Baku what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"In Baku, rental properties typically include a refrigerator, stove, oven, washing machine, and air conditioning unit. Additionally, some properties may also include a dishwasher, microwave, and other small appliances," explained one person living in Baku, Azerbaijan.

Additional Information about Searching for a Home in Baku:

We asked foreigners in Baku what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats searching for homes in Baku typically start by browsing online property listings on local real estate websites and expat forums. They may also seek recommendations from fellow expats or colleagues who are familiar with the area. Additionally, expats often engage the services of local real estate agents who have experience working with foreigners and can help navigate the housing market. It is also common for expats to explore different neighborhoods in Baku to get a feel for the area and identify suitable housing options. Some may even attend open houses or schedule private viewings to inspect potential homes before making a decision," said one foreigner living in Baku, Azerbaijan.

About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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