Citizens' opportunities to acquire housing are declining - Official

Last year, compared to the end of 2024, housing prices increased by 12.2%, while disposable income increased by 7.6%.
As reported by Yeniavaz.com, this information is included in the "Financial Stability - 2025" report published by the Central Bank.
The published data shows that housing price growth exceeded the growth rate of disposable income by 4.6 percentage points.
For comparison, in 2024, this figure was 4 percentage points. Therefore, compared to the end of 2023, housing prices in 2024 increased by 9.9%, while disposable income growth increased by 5.9%.
The published statistics show that if the current growth rate continues in the coming years, it will become even more difficult for people to acquire housing. Since housing price growth exceeds disposable income growth, this reduces citizens' ability to purchase housing.
For example, if the price of a house in 2023 was 100,000 manat, then in 2024 it will be 109,900 manat, and in 2025 – 123,308 manat.
Conversely, if in 2023 a citizen had 1,000 manat left over at the end of the month, then in 2024 this amount will be 1,059 manat, and in 2025 – 1,139.5 manat. In other words, despite the increase in the citizen's remaining funds, housing prices are rising faster.
If, based on housing prices and income in 2023, a citizen needed to save money for 100 months to buy a house, then in 2024 this period will be 104 months, and in 2025 – 108 months.
It's also worth noting that the "Financial Stability 2025" report, published by the Central Bank, also emphasizes that citizens have the opportunity to purchase housing with a mortgage. The report notes that, despite rising housing prices, the population's disposable income allows them to take out mortgages.

Elnur Ali