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AZG Armenian Daily #126, 09/07/2005
Karabakh diary
COSTS OF REAL ESTATE IN ARTSAKH RISE YEAR BY YEAR
According to the data of the Real Estate Cadastre of Nagorno Karabakh, the
authorities of the republic completed topographic works of 85 village
communities included Askeran region during 2000-2004. Rights for ownership
of real estate were registered in 71 communities of Karabakh. More real
estate owners came up in Stepanakert and Askeran region, the least in Shushi
region.
In Stepanakert it is the buildings of public importance that are more often
hired and in regions -- lands for agricultural aims. The number of mortgage
contracts in 2004 increased twice against 2003. Stepanakert is leading in
number of mortgaged the real estate. Of 395 contracts signed in 2004, 327
were signed in Stepanakert.
The greatest change in the real estate market took place in the market of
many-storied buildings and houses. In 2003, 1 sq. meter of an apartment in a
many-storied building in Stepanakert cost $105. Last year, this figure rose
up to $147.5 for 1 sq. meter.
Prices most profoundly fluctuated in Shushi. The minimal price of a flat in
Shushi in 2003 was $7 for 1 sq. meter, in 2004 it was $16. Despite this
growth, real estate in Shushi still remains the lowest in Artsakh.
Stepanakert is leading with the highest prices for real estate. Specialists
say that the prices for real estate will keep rising henceforth.
By Kim Gabrielian in Stepanakert
Karabakh diary
COSTS OF REAL ESTATE IN ARTSAKH RISE YEAR BY YEAR
According to the data of the Real Estate Cadastre of Nagorno Karabakh, the
authorities of the republic completed topographic works of 85 village
communities included Askeran region during 2000-2004. Rights for ownership
of real estate were registered in 71 communities of Karabakh. More real
estate owners came up in Stepanakert and Askeran region, the least in Shushi
region.
In Stepanakert it is the buildings of public importance that are more often
hired and in regions -- lands for agricultural aims. The number of mortgage
contracts in 2004 increased twice against 2003. Stepanakert is leading in
number of mortgaged the real estate. Of 395 contracts signed in 2004, 327
were signed in Stepanakert.
The greatest change in the real estate market took place in the market of
many-storied buildings and houses. In 2003, 1 sq. meter of an apartment in a
many-storied building in Stepanakert cost $105. Last year, this figure rose
up to $147.5 for 1 sq. meter.
Prices most profoundly fluctuated in Shushi. The minimal price of a flat in
Shushi in 2003 was $7 for 1 sq. meter, in 2004 it was $16. Despite this
growth, real estate in Shushi still remains the lowest in Artsakh.
Stepanakert is leading with the highest prices for real estate. Specialists
say that the prices for real estate will keep rising henceforth.
By Kim Gabrielian in Stepanakert