Tweet
REAL ESTATE BUYERS REDUCED IN YEREVAN - AMERICAN-ARMENIAN ENTREPRENEUR
news.am
June 12, 2012 | 15:18
YEREVAN. - The real estate buyers have reduced in Armenia's capital,
Yerevan, American-Armenian businessman Vahakn Hovnanian-who has made
great investments in Armenia's real estate market-stated during a
press conference on Tuesday.
As per Hovnanian, one reason for this drop is emigration, and the
rest do not have enough money.
In the Diaspora-Armenian entrepreneur's words, solely the Armenian
immigrants from Syria, Iran and Egypt bring liveliness to the real
estate market.
Vahakn Hovnanian also informed that 63 percent of the real estate his
company (Hovnanian International Ltd) offers are purchased by local
Armenians and 37 percent are bought by foreign nationals.
news.am
June 12, 2012 | 15:18
YEREVAN. - The real estate buyers have reduced in Armenia's capital,
Yerevan, American-Armenian businessman Vahakn Hovnanian-who has made
great investments in Armenia's real estate market-stated during a
press conference on Tuesday.
As per Hovnanian, one reason for this drop is emigration, and the
rest do not have enough money.
In the Diaspora-Armenian entrepreneur's words, solely the Armenian
immigrants from Syria, Iran and Egypt bring liveliness to the real
estate market.
Vahakn Hovnanian also informed that 63 percent of the real estate his
company (Hovnanian International Ltd) offers are purchased by local
Armenians and 37 percent are bought by foreign nationals.