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`Stable but critical' condition continues in Armenia's real estate
market - newspaper
NEWS.AM
June 15, 2012 | 08:05
YEREVAN. - According to Akcern Real Estate Company President Hakob
Baghdasaryan, the stable but critical condition continues in Armenia's
real estate market, Hayatsk daily writes.
`According to him, `we have a decline in demand in the real estate
market, but this has not caused a reduction in the prices. This is
conditioned [on the fact] that the volume of construction has not
increased, the construction material costs have not reduced - on the
contrary, there is a certain increase - , and we do not have a reduction
in the other domains, too.'
Commenting on the state of affairs in the region, Baghdasaryan notes
that there still is not such influx of people either from Iran, or
Syria, which will impact the demand for real estate [in Armenia],'
Hayatsk writes.
market - newspaper
NEWS.AM
June 15, 2012 | 08:05
YEREVAN. - According to Akcern Real Estate Company President Hakob
Baghdasaryan, the stable but critical condition continues in Armenia's
real estate market, Hayatsk daily writes.
`According to him, `we have a decline in demand in the real estate
market, but this has not caused a reduction in the prices. This is
conditioned [on the fact] that the volume of construction has not
increased, the construction material costs have not reduced - on the
contrary, there is a certain increase - , and we do not have a reduction
in the other domains, too.'
Commenting on the state of affairs in the region, Baghdasaryan notes
that there still is not such influx of people either from Iran, or
Syria, which will impact the demand for real estate [in Armenia],'
Hayatsk writes.