The number of real estate transactions fell in Armenia in November 2018 compared to the same period of 2017

15302 transactions of State Registration of rights in real estate were made in the Republic of Armenia in November, which is 3% fewer compared to the number of transactions in October of the same year, and 1.8% fewer than in November 2017.

According to the analysis by the State Committee of Real Estate Cadastre of the Republic of Armenia, the decrease in transactions of this year is mainly in rural settlements. Thus, a slight increase of 0.4% was recorded in Yerevan in November 2018 compared to 2017, 0.8% growth in regional cities, and 9% decrease in rural areas.

Below is the quantitative chart of state registration of real estate rights in November of 2009-2018.

People mostly buy and sell apartments, and rarely industrial buildings

The number of real estate transactions fell in Armenia in November 2018 compared to the same period of 2017

More than 10% of transactions were made by foreign nationals