NUMBER OF REAL ESTATE TRANSACTIONS IN ARMENIA GROWS TO 16,600
/ ARKA /
June 22, 2011
YEREVAN
YEREVAN, June 22. /ARKA/. The number of real estate transactions in
Armenia reached 16,600 by late May 2011 after growing 2% since the
previous month, and 23.1% compared with the same month a year earlier,
the Armenian State Real Estate Cadastre says in its reports.
The greatest number of deals was registered in Yerevan – 32.3% of
the total number of transactions effected in May, and the smallest
number were recorded in Vayots Dzor – 2.1%.
Kotayk province accounted for 15% of the total number of the real
estate transactions registered in Armenia in May 2011, Gegharkunik
for 7.5%, Lori 8.2%, Armavir 5.9%, Ararat 5.9%, Shirak 7%, Syunik 5%,
Aragatsotn 7.4% and Tavush 3.8%.
According to the report, immovable property alienation transactions
made up 24.4% of the total number of real estate transactions effected
in May, primary registrations 15.9%, mortgage deals 15.5%, immovable
property succession 12.1% and real estate leasing 4.7%.
Remarkable is that not a single case of privatization was recorded
in Armneia in May 2011.
Average market prices for apartments rose 0.1% in May, compared with
April, everywhere in Armneia but Yerevan.
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