Tweet
HOVNANYAN: REAL ESTATE DOES NOT SELL
Story from Lragir.am News:
http://www.lragir.am/engsrc/country26528.html
Published: 15:46:13 - 12/06/2012
Businessman Vahagn Hovnanyan met reporters today and noted that it
is a tough year for his business because decline in building continues.
He said that building is declining because no one is left in Armenia
to buy. There is little money in the market and people are emigrating.
According to Hovhanyan, Armenians from Syria, Iran and Egypt who want
to buy apartments here brought a little activity to the market.
Hovnanyan says Armenians are leaving because unemployment, and this
situation is not something new. For this situation, he blames people
too saying that the Armenian men are not hard-working. It is not
necessary to sit and wait for the state to give them a job, it is
necessary to create it. According to the businessman, the business
climate in Armenia is not favorable.
Dwelling on the dollar exchange rate, he noted that the market is
controlled somehow, so prices did not soar. He added that if the
dollar goes up, soon we will witness huge inflation.
Story from Lragir.am News:
http://www.lragir.am/engsrc/country26528.html
Published: 15:46:13 - 12/06/2012
Businessman Vahagn Hovnanyan met reporters today and noted that it
is a tough year for his business because decline in building continues.
He said that building is declining because no one is left in Armenia
to buy. There is little money in the market and people are emigrating.
According to Hovhanyan, Armenians from Syria, Iran and Egypt who want
to buy apartments here brought a little activity to the market.
Hovnanyan says Armenians are leaving because unemployment, and this
situation is not something new. For this situation, he blames people
too saying that the Armenian men are not hard-working. It is not
necessary to sit and wait for the state to give them a job, it is
necessary to create it. According to the businessman, the business
climate in Armenia is not favorable.
Dwelling on the dollar exchange rate, he noted that the market is
controlled somehow, so prices did not soar. He added that if the
dollar goes up, soon we will witness huge inflation.