Russians lead foreign real estate buyers in Azerbaijan
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Russians bought 71% of real estate foreigners acquired in Azerbaijan
Business & Investment

Russians bought 71% of real estate foreigners acquired in Azerbaijan

Foreign nationals bought 824 real estate properties in Azerbaijan in January-September 2026, with 588 of them, or 71.4%, going to Russian citizens.

The figures were disclosed by the State Service for Property Issues under Azerbaijan’s Ministry of Economy in response to a media inquiry. Among foreign buyers of real estate in Azerbaijan, Georgian citizens ranked second after Russians, purchasing 80 properties, or about 9.7%. Turkish citizens came third, acquiring 51 properties, or 6.2% of the total.

Together, citizens of Russia, Georgia and Turkey accounted for 719 of the properties bought during the reporting period, or roughly 87.3% of the overall volume.

Iranian citizens bought 17 properties, Kazakh citizens 14, and German citizens 12. Albanian citizens purchased eight properties, Israeli citizens seven, while citizens of the United States and Pakistan bought six each. Iraqi and Ukrainian citizens acquired five properties each, Belarusian citizens four, and Uzbek citizens three.

Citizens of Austria, the United Kingdom, China, Estonia, France and the Netherlands each bought two properties. Citizens of the Czech Republic, Afghanistan, Sweden, Canada, Norway and Kyrgyzstan each acquired one property.

Same pattern seen over the past five years

According to earlier data from the State Service for Property Issues, between 2021 and 2025, 6,182 citizens from 57 countries acquired a total of 6,913 properties in Azerbaijan. During that period, Russian citizens bought 4,638 properties, Georgian citizens 716, and Turkish citizens 312.

Read also: RBC: Russian investors step up interest in Baku’s resort property market | Foreign investment in Azerbaijan’s fixed capital hits 2.4 billion manats

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