Despite the forecasts, the number of deals has not decreased significantly

2020 Almost 2 months of the first half of the year passed under quarantine, and the state of emergency in the country is still going on, but judging by the semi-annual analysis of the Real Estate Market Cadastre, everything is not as catastrophic as pessimists and politicians predicted and expected.

Thus, in the first half of this year, in the republic, as compared to the same period of the previous year, the number of purchase and sale deals decreased by only about 12%. As for May-June, in the post-quarantine period, if in May the decrease was about 29% compared to the previous year, in June there was a slight decrease of about 1%. By the way, In June, compared to May, there is a significant increase in the number of transactions – about 38%, which, according to experts, will be maintained in July. This means that despite the tense situation, the real estate market is relatively stable, the activity at the beginning of the year is gradually recovering.

Decentralization is taking place in the real-estate market

As of July in the Republic of Armenia, the number of deals increased In general

The land market is active and the demand for agricultural lands is high