Articles
The real estate market is stable now and there is activity in the mortgage market
Despite the pessimistic forecasts caused by the Covid19 epidemic due to the April-May quarantine “lockdown”, everything in the Armenian real estate market is much more stable than expected, relatively calm and there is also the natural state of expectation. Moreover, according to the analysis of the cadastre for May-June, there are no catastrophic declines in the number […]
There is a demand for apartments and will continue to be in Yerevan in the next 3-5 years at least in Yerevan
If we summarize the 2019 real estate market with a brief statistics it will become obvious that within a year the inflation in the real estate market in the republic still continues. For instance, let us consider December, one of the most active months of the previous year. According to the analysis published by the […]
The number difference of transactions between Yerevan and regions is gradually decreasing
In January 2020, 10.846 real estate transactions were registered in Armenia. This number is surprisingly high for the past 10 years. What is more, January has always been considered one of the most passive months in the real estate market in Armenia. According to the analysis of the Cadastre Committee, compared with the number of […]
How to buy a house
Before buying a house you should clarify the purpose and the price you are ready to pay for it. You can pay cash or non-cash both for an apartment and a house. In first case, before signing the housing contract, the buyer gives the seller beforehand decided prepayment as a guarantee for the contract. After […]
Mortgage loan procedure in Armenia, 2019
In Armenia, the market of real estate is active, and the market of mortgage loans – much more. A,s statistics show in comparison with February 2018 , in February 2019 the volume of mortgage loans increased by 100%. And on the general loaning volume the percentage of mortgage loans increased by 30%. According to professionals, […]
Apartments in the first and top floors. advantages, disadvantages and prices
Among many factors, which affect the pricing of apartments (residential place,surrounding area, conditions, position, property status etc.), the floor of an apartment has a significant importance. In any building, the middle floors are usually considered as an advantage. That is why the prices of apartments in middle floors are higher than the prices of apartments […]
Armenian velvet revolution and the “Velvet behavior” of Armenia’s real estate market
If we describe the reaction of the real estate market of Armenia to Armenian velvet revolution in April-May, we can graphically describe it in the same way as “velvet”. In general, any political event with both economic and political patterns in any country directly affects the economy (in negative way), ups and downs in prices […]
4 mistakes made by customers when buying real estate
Buying real estate is a very serious and important process, which sometimes can be accompanied by a number of complications. So, in order to avoid any mistakes, it is important to take into account every detail. If you have decided to make the purchase by yourself in Yerevan or in any other place of Armenia, […]
The demand and the prices for rental apartments have been increased in Yerevan
Rental apartments The most demanded apartments in any administrative district of Yerevan are the small (studio) apartments. Due to the concentration of businesses, the most active and bustling administrative districts are Kentron and Arabkir. And in general, the main demand for one-room or small rental apartments in all the districts of Yerevan is among people […]
Apartments from builder
Since January 2019, some changes by Government came into effect in tax legislation. They relate to the return of interest rates of mortgage loan at the expense of income tax, when buying an apartment or a private house from builder. The main changes are the followings: 1. At first the maximum price for buying an […]