Akademik Məlumat İdarəetmə Sistemi
70th International Scientific Cinference On Economic and Social Deveopment , pp.763-769, 2021 (Conference Book)
The existing problems of mortgage crediting in Azerbaijan are tried to be solved at different levels from Bank structures up to government: though the problems which solution is important and stand before mortgage mechanism and mortgage crediting in regard to real estate, housing market and those have many aspects, its mutual relation with other social-economic factors is drawn to the foreground. The mortgage of real estate always has been one of the most reliable methods to provide the fulfillment of obligations in a proper order. Mortgage mechanism is one of the important priorities of market economy system to buy an apartment and gives an opportunity for creation of efficient investment environment. So, there are significant problems in economic aspect of mortgage crediting. Solution of these problems is not so easy. But, it is impossible to increase the efficiency of mortgage crediting without trying their solution and attempting to it. All of these mentioned confirm the urgency of this research. Different types and models of mortgage crediting in Azerbaijan and in the world are considered in the article, they were compared from the standpoint of economic efficiency, profitability and social orientation and estimated. The establishment of organizations and importance of their development giving an opportunity to increase of crediting and financing systems of housing market by basing on analysis of the world practice is emphasized. It was concluded that, the application of different systems of saving in housing construction gave an opportunity to increase the level of guarantee in efficient and available apartments, all of these were accepted as important process, the importance of the use of mortgage model mechanisms basing on balancing was said. The selection of mortgage models in mortgage crediting systems depends on features of national economic development and development history of financial-mortgage system of the state. The comparative functional analysis of national models of mortgage formed during a long period gives opportunity to determine their priorities and negative sides. Also, the necessity of classification of means analyzed and investigated in terms of different priorities was emphasized to finance mortgage assignment apartment market as one of the research results. The use of the main elements of each model considered and their application put forward as suggestion to improve and develop the system of financing of apartment market and mortgage crediting in the article. Keywords: mortgage, crediting, mortgage crediting system, apartment market, apartment construction, financing of apartment market