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%).
table 3.6-3, page 38