Some 16,000 Real Estate Transactions Registered In Armenia In August

SOME 16,000 REAL ESTATE TRANSACTIONS REGISTERED IN ARMENIA IN AUGUST 2013

YEREVAN, October 10. /ARKA/. Some 16,100 real estate transactions
were registered in Armenia in August 2013 – it is 6.5% less than in
July 2013, but 1.5% more than in August 2012, the Armenian State Real
Estate Cadastre reports.

Yerevan accounted for the largest number of immovable property deals,
which made up 40.9% of the total number of real estate transactions
registered in the country in August 2013, and Vayots Dzor province
for the smallest number, which constituted 1.6% of the total number.

According to the report 13.2% of the total number were registered in
Kotayk province, 5.6% in Lori, 4.6% in Gegharkunik, 6.6% in Armavir,
5% in Shirak, 6.9% in Aragatsotn, 8.3% in Ararat, 3.3% in Tavush and 4%
in Syunik.

Property alienation transactions made up 28.3% of the total number
of real estate deals registered in August 2013, primary registration
transactions 11.4%, heritage-related transactions 11.3%, mortgage
deals 4.3%, leasing 4.3% and other state registrations 31.7%.

Remarkable is that no immovable property privatization transactions
have been registered in Armenia since the beginning of this year.

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18:51 10.10.2013