Foreigners purchase 2 times more real estate in Armenia

According to analysis of real estate cadaster committee of the Republic of Armenia, foreigners purchase 2 times more real estate in Armenia comparing to the last April. It is interesting to note  that in Yerevan growth is 90%, but in regions, except Lori and Tavush , the number of deals is several times more. The record was in the region of Ararat -13 times more.

The increase of purchasing of real estate is visible comparing to the results of this March, which makes 24%.

There hasn’t been a significant drop in apartment prices and most likely will not be

The apartment price fluctuations in the regions are very different depending on the city

Decentralization is taking place in the real-estate market