Editors choise
There hasn’t been a significant drop in apartment prices and most likely will not be
The Armenian Cadastre Committee has published the July analysis of the real-estate market and despite the coronavirus epidemic and pessimistic expectations, there are no significant changes in the market, drops in prices and deals. Thus, according to the Cadastre analysis in 2020 Average market prices for apartments in multi-apartment residential buildings in Yerevan in July […]
The apartment price fluctuations in the regions are very different depending on the city
In the regions of Armenia, according to the July analysis of the Cadastre, apartment prices have remained almost at the same level ․ The average deflation was slightly 1% compared to June, and compared to July 2019 there was 2-5% inflation. It is also interesting that, depending on the region and the city, the price […]
Decentralization is taking place in the real-estate market
In recent years, the activity of the Armenian real-estate market has shifted to the suburbs of the city and regions as well. This can be seen both in the official numbers of the Cadastre and in the information coming out of the real-estate agencies. The trend fluctuates with the number of deals. Let us mention […]
As of July in the Republic of Armenia, the number of deals increased In general
In July 2020 the number of registered deals in the country increased by about 13% compared to June and 2019 . Compared to July, it remained almost the same (slight increase of 1.1%). These are the data of the cadastre committee. Interestingly, in comparison with June-July in the Yerevan, the growth of the deals was higher than in the regions, but instead, in the comparison 2019-2020, the growth is noticeable in the regions – about 10%, in contrast to the 11.8% decrease in the capital. The above statistics prove […]
Our coopatriot «outgoing workers» have more sold than purchased real estate
In the Republic of Armenia in the second semester of the past year foreign citizens sold 2 times more real estate property than purchased. According to RA Cadastre analysis (chart 3.5-7) this phenomenon is especially apparent in the case of the citizens of the Russian Federation and CIS countries. In the contrary, in case of […]
Price fluctuations in the regions are high
Though the 2019 Cadastre analysis shows 5% avarege increase in home prices, this number was drawn from a disproportionate and sometimes extreme comparison of different regional areas. Thus, according to the chart below, in one city the increase was about 20% (Noyemberyan) and in other small town – Ayrum, this increase was 15%. In another […]
Buying and sale activity moves from Yerevan to regions
The highest growth in buying and selling transactions was in Ararat region. Interestingly, the number of buying and selling transactions has increased by 1.6%. In Lori region there was a decrease of 12% as compared to the previous year. As usual, in Kotayk, Tavush and Aragatsotn the most number of transactions was registered. Throughout the […]
Millennials make up the majority of buyers
Which age – group is dominating the real estate buyers market? According to the analysis of the well – known pwc.com, in the USA the most active age – group includes people up to 40. Thus, most real estate buyers are Millennials (1981 – 1996) and they comprise 45% of total buying transactions. The Gen […]
The most expensive cities of October are Abovyan, Goris, Vagharshapat, excluding Tsaghkadzor
According to the Cadastre analysis, high price rates in the purchase/selling transactions has been registered in Abovyan, Goris, Vagharshapat. Of course, in this calculations Tsaghkadzor is not included, which is the second most expensive city after Yerevan. According to the Cadastre analysis of the contract prices of the sold apartments and the prices of the […]
There is a price increase, but relatively slow by months
If we compare the current October with the past Octobers , than in Yerevan there has been a notable increase of 11.8 % – in the prices of apartments in the multi-apartment buildings. In the regions the increase is 12.1%. It is interesting, that in the regions as compared to Yerevan (only 1.7%) the price […]
