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Impact Of The Floating Rate On Armenia's Real Estate Market

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  • Impact Of The Floating Rate On Armenia's Real Estate Market

    IMPACT OF THE FLOATING RATE ON ARMENIA'S REAL ESTATE MARKET
    Alisa Gevorgyan

    "Radiolur"
    06.03.2009 15:13

    How did the real estate market of Armenia react to the floating
    exchange rate? It turns out that unlike oil and sugar, the interest
    of our compatriots in real estate has abruptly decreased. There
    has been complete tranquility on the real estate market over the
    past days. What's the situation today, when the fluctuations of the
    exchange rate have relatively stabilized?

    "There is absolutely no sale," representatives of the "Modern Realty"
    real estate company say.

    "The peace at the real estate market will be maintained until the
    dram and the dollar finally clarify relations," representatives of
    companies engaged in real estate sale say.
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