SYRIA, IRAN FACTORS NOT YET IMPACT ARMENIA'S REAL ESTATE - ECONOMIST
YEREVAN. - The developments currently unrolling with respect to Syria and Iran have not yet substantially impacted Armenia's real estate market, economist Tatul Manaseryan stated during a press conference on Monday.
He informed that although Armenians from the aforesaid countries have already purchased real estate in Armenia, the offer is so much that it did not substantially affect the current market condition in the country.
Nonetheless, the risks remain and if military operations were to start—or expand—in these countries, the Armenians from there could immigrate to Armenia en masse and the country's real estate prices could rise.
As per Manaseryan, Armenia's real estate market is satiated because of the constructions that were underway for years on end.
"The offer exceeds the demand, but the prices do not drop equivalently," said Tatul Manaseryan.
- 1881 Dr. Levon Tigranyan starts publishing the "Health" monthly.
- 1902 Death of Arsen Aytnyan (armenologist). He was born in 1825.
- 1914 Death of sculptor Yervand Voskanian.
- 1936 Murder by the Soviet Police of Aghassi Khandjyan (First Secretary of the Central Committee of Armenia's Communist Party) in Tbilisi.
- 1937 Death of actor Hovhannes Zarifian.