Procedures related to real estate purchase and sale and registration will be simplified.

"APA-Economics" informs that this was said by Nigar Alimova, deputy head of the real estate registration and lease working group, chairman of the board of the "State Cadastre and Registry of Real Estate" under the State Service for Real Estate Affairs under the Ministry of Economy.

He said that if previously four procedures for real estate registration required a week, according to the innovation,

real estate registration will be carried out with only one procedure in one day.

This will also reduce additional costs associated with real estate registration.

Nigar Alimova added that state registration of real estate on the basis of the "one-stop shop" principle includes real estate division plans, spouses' certificates of shares in common property, documents related to the final payment during the purchase and sale of loans, documents of agreement on the transformation of joint ownership into shared ownership, will also cover contracts.