This Year Real estate prices in Armenia will Stay Unchangeable

"Till the end of this 2011 year there would not be any alterations in the  Armenian real estate prices", announced the executive director of the Association of Mortgage Industry Participants Edward Oremyan.
As to him, today the demand for the is high sufficient, but the further development of the genuine estate marketplace depends mainly on the enhanced demand of clients. Mr. Oremyan also talked about that the level of solvency of Armenian population has not improved, which has a direct impact on the Armenian real estate market place.
According to the State True Estate Cadastre, the number of real estate transactions recorded in the very first quarter of 2011 year enhanced on an annual basis by virtually 28% to 36.499$. The rising of the costs for the quarter ranged from 1.5-three% depending on place. Hence, according to the inventory, the common costs of the metropolitan housing in a tower block set at the level 271.000 AMD per sq.m and in private housing -281.000 AMD per sq.m. In regions the highest rates of houses have been established in cities such as Abovyan and Vagharshapat (beginning from 160.000 AMD per sq.m), Ashtarak, Goris and Ijevan (almost 140.00 AMD per sq.m). This year the most active region came to be Kotayk with 14% of the total quantity of transactions.

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