News
Coronavirus will have a positive impact on the US real estate market
Daniel Hale, the chief economist of Real Estate.com, predicts that Chinese investors will try to save their fortunes by transferring the money to a more secure US real estate market. Thus, while the coronavirus epidemic continues to have a negative impact on the Chinese real estate market, the US is facing a positive movement in […]
China’s real estate market is paralyzed
China’s housing prices have fallen by about 90% compared to the same period in 2019. This worrying indicator is likely to reach the danger line, as many cities in the country are now completely closed. This unprecedented deflation is naturally due to coronavirus. This evil has actually stopped the whole economic movement in China – […]
In 2020the real estate prices can rise which can lead to crisis
The real estate prices are slowly increasing worldwide. This is connected with a number of factors. The most striking of them are the economic downturn and the emergence of new buyer demographic. According to the well – known pwc.com , many experts are worried about the increase of prices and explain that this can lead […]
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 […]
Facebook, Google, Amazon and Apple enter the real estate market to change it completely
Worldwide real estate value altogether till 2030 will comprise $ 69 trillion. According to the well-known US real estate company PcW, since 2012 the market has grown by about 55% reaching $ 45.3 trillion. Moreover, in the real estate sector we shall witness a number of global changes over the next few years. Real estate […]
Contracts can be made without visiting notary office
From now on, real estate purchase and sale, donation, renting and other deals can be made also in Cadastre offices; without going to notary offices. Cadastre committee’s facebook page informs that the only condition is that contracts must be formed correctly. For forming proper contracts, you have to personally visit Cadastre committee’s any office, where […]
Borrowers who are in a tight financial situation now can have a mortgage holiday
Recently, based on the offer made by the Government of the Republic of Armenia, a project about mortgage holiday was put to public discussion in e-draft.am website. As the Government says, accepting the decision will allow people who are in a tight financial situation have a mortgage holiday for 6 months by signing a two-sided […]
5 Cadaster office-branches will combine in Vanadzor
The 5 office-branches of Cadaster Committee, where all the archive data is kept, is intended to center in Vanadzor. It will foster the increase of Cadaster’s productivity, the combination of archives and the quality increase of the service for residents. The formation of the new Cadaster office-branch is important also for the territorial proportional development. […]
Real estate property certificates will become digital and not only just them.
The Government of the Republic of Armenia has recently approved a package of legislative amendments, by which the launch of “paperless” or digital Cadastre starts. The digitization project of Cadastre is envisaged by the Government’s 2018-2022 program. The need for a quick implementation of the package is justified by the officials of the field by […]
From now on, the analysis and publications of market will be done operatively and on time
The monthly analysis of real estate market in Cadaster Committee must be done maximum 15 days after the end of the month. The abovementioned question was discussed recently in The Real Estate Cadastre Committee of the Republic of Armenia (RECC) council meeting. The head of RECC S. Petrosyan instructed to the person responsible for it […]