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  • Contracts Increased In Estate Property

    CONTRACTS INCREASED IN ESTATE PROPERTY

    Panorama.am
    20:29 25/01/2008

    Today Manuk Vardanyan the president of the real estate cadastre
    committee, that compared with the last year the amount of contracts
    increased in the real estate agencies. He said that the information
    spread in mass media that the contracts are decreased is not true,
    "It is normal and natural, that real estate market is more vulnerable
    than financial market," he said.

    According to him 1 billion 80 million drams were collected in the
    result of 155 thousands contracts, whereas 940 million were planned
    to. Compared with last years the number of contracts raised in 2006
    by 24.5%.

    As for the estate property prices and their increase, Vardanyan said
    that it is 38% in Yerevan in 2007 and 48.8% in regions.
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