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NO CHANGES IN NUMBER OF REAL ESTATE TRANSACTIONS OBSERVED IN ARMENIA DURING PARLIAMENTARY ELECTIONS
Noyan Tapan
Jan 25, 2008
YEREVAN, JANUARY 25, NOYAN TAPAN. There were no notable changes in
the number of real estate transactions in Armenia during the 2007
parliamentary elections. The head of the State Committee of the RA
Real Estate Cadastre Manuk Vardanian said at the January 25 briefing
that nevertheless, some decline in the number of transactions was
observed in April and May of 2007.
In particular, there were 12,569 transactions in March, 11,684 in
April, and 11,299 in May, after which a growth was regsitered: 16,007
transactions in October, 14,976 in November, 16,068 in December.
According to M. Vardanian, a total of 155 thousand transactions on
real estate sale, rental, etc. were conducted last year, which was
more by 24.5% compared with 2006. A growth was regsitered with respect
to all types of real estate transactions.
M. Vardanian said that the transfer of 1 million hectares of lands to
communities finished last year, while the transfer of lands outside
the administrative borders of communities will be completed this
year. These lands will be redistributed among communities either as
state or as community property. The description of the borders of
all communities (except those of 5 communities where some disputable
issues exist) was also completed.
The hsitorical geographical names of rural communities have been
restored, with about 40 thousand names being changed.
Noyan Tapan
Jan 25, 2008
YEREVAN, JANUARY 25, NOYAN TAPAN. There were no notable changes in
the number of real estate transactions in Armenia during the 2007
parliamentary elections. The head of the State Committee of the RA
Real Estate Cadastre Manuk Vardanian said at the January 25 briefing
that nevertheless, some decline in the number of transactions was
observed in April and May of 2007.
In particular, there were 12,569 transactions in March, 11,684 in
April, and 11,299 in May, after which a growth was regsitered: 16,007
transactions in October, 14,976 in November, 16,068 in December.
According to M. Vardanian, a total of 155 thousand transactions on
real estate sale, rental, etc. were conducted last year, which was
more by 24.5% compared with 2006. A growth was regsitered with respect
to all types of real estate transactions.
M. Vardanian said that the transfer of 1 million hectares of lands to
communities finished last year, while the transfer of lands outside
the administrative borders of communities will be completed this
year. These lands will be redistributed among communities either as
state or as community property. The description of the borders of
all communities (except those of 5 communities where some disputable
issues exist) was also completed.
The hsitorical geographical names of rural communities have been
restored, with about 40 thousand names being changed.