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Number Of Real Estate Transactions In Armenia Grows To 16,600

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  • Number Of Real Estate Transactions In Armenia Grows To 16,600

    NUMBER OF REAL ESTATE TRANSACTIONS IN ARMENIA GROWS TO 16,600

    / ARKA /
    June 22, 2011
    YEREVAN

    YEREVAN, June 22. /ARKA/. The number of real estate transactions in
    Armenia reached 16,600 by late May 2011 after growing 2% since the
    previous month, and 23.1% compared with the same month a year earlier,
    the Armenian State Real Estate Cadastre says in its reports.

    The greatest number of deals was registered in Yerevan - 32.3% of
    the total number of transactions effected in May, and the smallest
    number were recorded in Vayots Dzor - 2.1%.

    Kotayk province accounted for 15% of the total number of the real
    estate transactions registered in Armenia in May 2011, Gegharkunik
    for 7.5%, Lori 8.2%, Armavir 5.9%, Ararat 5.9%, Shirak 7%, Syunik 5%,
    Aragatsotn 7.4% and Tavush 3.8%.

    According to the report, immovable property alienation transactions
    made up 24.4% of the total number of real estate transactions effected
    in May, primary registrations 15.9%, mortgage deals 15.5%, immovable
    property succession 12.1% and real estate leasing 4.7%.

    Remarkable is that not a single case of privatization was recorded
    in Armneia in May 2011.

    Average market prices for apartments rose 0.1% in May, compared with
    April, everywhere in Armneia but Yerevan.

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