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SYRIAN ARMENIANS BOOST HOUSING DEMAND IN ARMENIA
New Europe
http://www.neurope.eu/article/syrian-armenians-boost-housing-demand-armenia
Aug 28 2012
Amid growing tension in Syria, the real estate market in Armenia is
witnessing some growth in recent months, Armenia Liberty.org learnt
from Armenian service.
Local realtors claimed that a number of ethnic Armenians are arriving
from Syria and some intend to stay on a permanent basis in Armenia
while others seem undecided and choose to rent homes for now. This
is the reason there are 10 times as many rents as home-buying deals
in the market, said Garik Danielian, who runs a private real estate
agency in Yerevan.
Danielian said, "Many came and rented apartments for a month, and they
now extend their rents for another month after hearing news of the
worsening situation in Syria. People are scared." He stressed that
the slump in the prices of housing market which was seen in 2008,
has now come to a halt.
Danielian said, "There are people who buy homes, there is some
movement in the market, even a slight increase in prices for newly
built homes." Other realtors stated that ethnic Armenians from Syria
often prefer renting or buying housing in or close to downtown Yerevan
and in newly constructed residential buildings.
According to Artin Arakelian, director of a real estate agency in
Yerevan, those who have come to Armenia so far are mainly well-to-do
Syrian Armenians. He noted such Armenians are exploring business
opportunities in the country which entails increasing demand for
office space.
The Syrian Armenians are seeing their business in Armenia and planning
to rent some commercial property to see if they are as successful
here in Armenia doing the same business as they have done in Syria,
added Arakelian. He however noted that Syrian Armenians are not hasty
in their decision to become homeowners in Armenia as they are still
unsure whether they would find a job in Armenia and are even clueless
about the upcoming developments in Syria.
Syrian Armenians are also facing problems in selling their property in
Syria and bringing their capital to Armenia. Over 20-25 Syrian-Armenian
businessmen have turned to the Chamber of Commerce and Industry
of Armenia for consultations, head of the Chamber Arayik Vardanyan
said. Earlier the Chamber said Syrian-Armenians wishing to set up
business in Armenia, will get free consultations.
Vardanyan said that the chamber is having talks with entrepreneurs
interested in running business in Armenia. The consultations cover
legislation and business, including customs and tax, labor and civil
codes, as well as information on markets.
New Europe
http://www.neurope.eu/article/syrian-armenians-boost-housing-demand-armenia
Aug 28 2012
Amid growing tension in Syria, the real estate market in Armenia is
witnessing some growth in recent months, Armenia Liberty.org learnt
from Armenian service.
Local realtors claimed that a number of ethnic Armenians are arriving
from Syria and some intend to stay on a permanent basis in Armenia
while others seem undecided and choose to rent homes for now. This
is the reason there are 10 times as many rents as home-buying deals
in the market, said Garik Danielian, who runs a private real estate
agency in Yerevan.
Danielian said, "Many came and rented apartments for a month, and they
now extend their rents for another month after hearing news of the
worsening situation in Syria. People are scared." He stressed that
the slump in the prices of housing market which was seen in 2008,
has now come to a halt.
Danielian said, "There are people who buy homes, there is some
movement in the market, even a slight increase in prices for newly
built homes." Other realtors stated that ethnic Armenians from Syria
often prefer renting or buying housing in or close to downtown Yerevan
and in newly constructed residential buildings.
According to Artin Arakelian, director of a real estate agency in
Yerevan, those who have come to Armenia so far are mainly well-to-do
Syrian Armenians. He noted such Armenians are exploring business
opportunities in the country which entails increasing demand for
office space.
The Syrian Armenians are seeing their business in Armenia and planning
to rent some commercial property to see if they are as successful
here in Armenia doing the same business as they have done in Syria,
added Arakelian. He however noted that Syrian Armenians are not hasty
in their decision to become homeowners in Armenia as they are still
unsure whether they would find a job in Armenia and are even clueless
about the upcoming developments in Syria.
Syrian Armenians are also facing problems in selling their property in
Syria and bringing their capital to Armenia. Over 20-25 Syrian-Armenian
businessmen have turned to the Chamber of Commerce and Industry
of Armenia for consultations, head of the Chamber Arayik Vardanyan
said. Earlier the Chamber said Syrian-Armenians wishing to set up
business in Armenia, will get free consultations.
Vardanyan said that the chamber is having talks with entrepreneurs
interested in running business in Armenia. The consultations cover
legislation and business, including customs and tax, labor and civil
codes, as well as information on markets.