Manuk Hergnyan: Armenian Real Estate Market Has Great Potential For

MANUK HERGNYAN: ARMENIAN REAL ESTATE MARKET HAS GREAT POTENTIAL FOR DEVELOPMENT

/PanARMENIAN.Net/
11.02.2010 16:22 GMT+04:00

/PanARMENIAN.Net/ For the development of the real estate market Armenia
has a huge potential, the chairman of the Economy and Values Research
Center of Manuk Hergnyan said.

In his opinion, if 2010 does not bring recovery in the real estate
market, then in 2011-2012 tangible revival can be seen.

In particular, the demand is now stimulated by the increasing supply
of mortgage loans. "This supply can lag behind the demand," he said.

According to Hergnyan, there are no alternative investment assets in
Armenia, neither a developed stock market, and investment should flow
into some area, so they automatically flow into the mortgage market.

"That is why the real estate sphere in Armenia undergoes the greatest
development," he concluded.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS