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"YEREVAN MARKET OFFERS APARTMENTS FOR THE RICH ONLY"
Aysor
July 14 2010
Armenia
The construction volume grew 112 percent over the first five months
of 2010, as compared with the same period of the previous year.
Construction volume grew 8.8 percent in May, as compared with April.
National Statistical Service Structural Subdivision Head Mariam
Petrosyan told a press conference today.
According to Mrs. Petrosyan, the construction works are mostly financed
by private organizations - 44.2 percent, 12 percent is financed
by the state budget, 0.2 percent by communities, 26.5 percent by
international credits.
Construction volume fall 40 percent under the financial crisis.
In return, independent expert Samvel Avagyan, said that Yerevan is the
only city in Armenia being expanded, it is a "negative phenomenon,
and if Yerevan continues expanding at current rates, agricultural
lands will be also used soon, what is not so favorable."
"Elite building construction is prioritized in Yerevan, while it does
not meet population medium stratum demand," Avagyan said adding that
currently the market offers apartments for the rich only.
From: A. Papazian
Aysor
July 14 2010
Armenia
The construction volume grew 112 percent over the first five months
of 2010, as compared with the same period of the previous year.
Construction volume grew 8.8 percent in May, as compared with April.
National Statistical Service Structural Subdivision Head Mariam
Petrosyan told a press conference today.
According to Mrs. Petrosyan, the construction works are mostly financed
by private organizations - 44.2 percent, 12 percent is financed
by the state budget, 0.2 percent by communities, 26.5 percent by
international credits.
Construction volume fall 40 percent under the financial crisis.
In return, independent expert Samvel Avagyan, said that Yerevan is the
only city in Armenia being expanded, it is a "negative phenomenon,
and if Yerevan continues expanding at current rates, agricultural
lands will be also used soon, what is not so favorable."
"Elite building construction is prioritized in Yerevan, while it does
not meet population medium stratum demand," Avagyan said adding that
currently the market offers apartments for the rich only.
From: A. Papazian