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Number Of Real Estate Transactions Down To 11,400 In Armenia In May

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  • Number Of Real Estate Transactions Down To 11,400 In Armenia In May

    NUMBER OF REAL ESTATE TRANSACTIONS DOWN TO 11,400 IN ARMENIA IN MAY

    ARKA
    June 26, 2009

    YEREVAN, June 26. /ARKA/. Number of real estate transactions reduced
    by 13.3% down to 11,400 in Armenia in May 2009 as compared with the
    same period of last year.

    As compared with April the number of real estate transactions grew
    by 0.3% in May, says the report of Armenia's State Committee for Real
    Estate Cadastre.

    The highest number of transactions was recorded in Yerevan in the
    reporting month - 36.7% of the overall number with the lowest level
    recorded in Vayots Dzor region - 1.3%.

    12% of the overall number of deals was recorded in Ararat region in the
    period, 11.6% in Kotayk region, 8.3% in Lori region, 6.1% in Shirak
    region, 5.9% in Armavir region, 5.5% - in Gegharkunik region, 5.2%
    in Aragatsotn region, 3.9% in Siunik region and 3.5% in Tavush region.

    According to the report, 25.3% of the overall number of real
    estate transactions was on property alienation, 18.5% - on primary
    registration of real estate, 13.2% - on inheritance, 10.6% - on rent
    and 9.4% on mortgage.

    Privatization deals constituted only 0.1% of the overall number;
    the remaining 22.9% were state registrations.
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