10-15%DECREASE OF TRANSACTIONS IN REAL ESTATE MARKET
Answering the question of "Azg" daily about the influences of March 1-2 incidents on real estate market Head of Armenian Real Estate Cadastre Committee Manuk Vardanian said that according to monitoring of 15 days of March the transactions decreased by 10-15 percent. He mentioned that those incidents had their influence upon real estate market as the latter needs stability. In case of instability, real estate market is the most sensitive; it is connected with other spheres of economy - construction, industry of construction materials, etc. That is to say, according to Manuk Vardanian, the passivity of real estate market will also influence other branches of the economy and investment projects. Consequently, this market needs stability.
Touching upon some indexes recorded in January and February in real estate market the Chairman of the Cadastre Committee informed that in spite of tension of those months the transactions increased; in February - 12772 transactions that compared with January increased by 38 percent, and compared with February of last year - 31 percent. Growth is recorded in all types of transactions.
What about the prices of the apartments in Yerevan Manuk Vardanian informed that compared with February of last year the prices here rose by 25 percent (expressed in AMD) and by 44 percent (expressed in foreign currency).
Compared with January the prices in February rose by 1 percent. According to Cadastre State Committee data, higher prices are recorded in Avan, Nor Nork and Arambir of Yerevan.
- By Ara Martirosian, translated by L.H.
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By Ara Martirosian, translated by L.H.Answering the question of "Azg" daily about the influences of March 1-2 incidents on real estate market Head of Armenian Real Estate Cadastre Committee Manuk Vardanian said that according to monitoring ...
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