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Prices for Apartments Rise by About 70% in Stepanakert

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  • Prices for Apartments Rise by About 70% in Stepanakert

    PRICES FOR APARTMENTS RISE BY ABOUT 70% IN STEPANAKERT

    STEPANAKERT, August 20 (Noyan Tapan). At present 1-room and 2-room
    apartments are of much demand on the Stepanakert immovable property
    market. Their prices rose by about 70% compared with the previous
    year. Average price for 1-room apartment in Stepanakert makes $5.5-6.5
    thousand. Growth in prices for private houses also has been registered.

    According to the data of the NKR State Committee of Immovable Property
    Land Survey, the price for the territory of 1 sq.m. in Stepanakert
    increased by 16% compared with the previous year and made about 130
    dollars. And the average price for a private house with every
    convenience and a land plot makes $15-20 thousand. According to the
    "Aspar" agency of immovable property bargains, not only local
    residents, but also buyers from Armenia and abroad apply to them for
    buying an apartment in Stepanakert.
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