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 small city in Lori region there was 6% decrease in prices. By the way, Lori region stands out for the decrease in prices. In its regional center Vanadzor there is a price decrease in home prices (2.7%).

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table 3.6-3, page 38

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