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YEREVAN APARTMENT PRICES FALL MORE THAN NINE PERCENT IN AUGUST - NEWSPAPER
news.am
October 23, 2012 | 07:48
YEREVAN. - In line with the official data made public by Armenia's
State Committee of Real Estate Cadastre, 162 real estate units were
purchased in the country, and with mortgage loans, this August and a
total of 872 units were bought in the first eight months of the year,
Haykakan Zhamanak reports.
"This is noteworthy in the sense that 413,000 [such] deals were
registered in the first eight months of the year past. That is,
the number of such type of deals fell by approximately forty percent
[this year], as compared with last year. This shows that the mortgage
programs, which were widely advertised at the time, have failed
completely. And, in general, the [country's] real estate market is
not stabilizing in anyway and it continues to fall rapidly.
In line with the official statistics on [Armenia's] real estate market,
the apartment prices in [capital city] Yerevan have fallen by more
than nine percent in August of this year," Haykakan Zhamanak writes.
news.am
October 23, 2012 | 07:48
YEREVAN. - In line with the official data made public by Armenia's
State Committee of Real Estate Cadastre, 162 real estate units were
purchased in the country, and with mortgage loans, this August and a
total of 872 units were bought in the first eight months of the year,
Haykakan Zhamanak reports.
"This is noteworthy in the sense that 413,000 [such] deals were
registered in the first eight months of the year past. That is,
the number of such type of deals fell by approximately forty percent
[this year], as compared with last year. This shows that the mortgage
programs, which were widely advertised at the time, have failed
completely. And, in general, the [country's] real estate market is
not stabilizing in anyway and it continues to fall rapidly.
In line with the official statistics on [Armenia's] real estate market,
the apartment prices in [capital city] Yerevan have fallen by more
than nine percent in August of this year," Haykakan Zhamanak writes.