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Syrian Armenians' Immigration Did Not Affect The Armenian Real Estat

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  • Syrian Armenians' Immigration Did Not Affect The Armenian Real Estat

    SYRIAN ARMENIANS' IMMIGRATION DID NOT AFFECT THE ARMENIAN REAL ESTATE MARKET

    Mediamax
    Nov 1 2012
    Armenia

    Yerevan/Mediamax/. The Armenian real estate market requires "financial
    and legislative procedures."

    Director of "Akcern" Real Estate Agency Hakob Baghdasaryan said this
    today, Mediamax reports.

    He noted that the realty market has not undergone significant changes
    over the last year.

    "I think to improve the situation on the market the government should
    assume some risks in order to ensure activity in this sphere," Hakob
    Baghdasaryan said.

    He also said that even the immigration of Syrian Armenians to the
    country did not affect the real estate market, as there is emigration
    in Armenia.

    According to Hakob Baghdasaryan, the election period will also
    negatively affect the market as people prefer to conduct estate deals
    after elections.

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