55.5% Increase in Number of Deals with Immovable Property Recorded

55.5% INCREASE IN NUMBER OF DEALS WITH IMMOVABLE PROPERTY RECORDED
YEREVAN, JULY 23. ARMINFO. A total of 45,953 deals with immovable
property were recorded in Armenia in the first half of 2004, which is
8.8% more than in the corresponding period of 2003.
According to the information reported by the RA State Registry of
Immovable Property, 19,061 deals (41.5%) were alienation, 16.7%
primary registration, 9.7% lease, 7.6% pledge, 0.5% privatization,
8.3% inheritance, and 15.7% other types. As against the first half of
2003, a 40.1% increase in the number of alienation transactions, which
influence the market most of all, was recorded in the first half of
2004, and a 3.2% increase as against the second half of 2003. In the
first half of 2004, 39.6% of alienation deals were recorded in
Yerevan. During the period under review, 67.3% of 6,613
purchase-and-sale deals involved flats. As against the corresponding
period of last year this index increased by 15.7%, and decreased by
17.7% as against the second half of 2003.