Housing prices fall in the Armenian capital

27.07.2011 16:58
Articles about real estate | Housing prices fall in the Armenian capital In June, the average cost per square meter of residential real estate in Yerevan was about $ 700 9.2% less than in the corresponding period last year, according News.am with reference to the cadastre of real estate in Armenia.

Apartments in the center of Yerevan for the period fell 7.7% to $ 1190 per square meter. m. District Arabkir (Yerevan is divided into 12 districts, which, in turn, are divided into quarters. - Ed.) average cost of private residential houses or apartments dropped by 13.5% to $ 925, the District of Kanaker-Zeitoun - 10.7%, to $ 710, in the county of Nor-Nork - by 9% to $ 605, says "Prian.ru".

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Perhaps it is the falling prices have affected the growth of number of transactions in residential real estate in Yerevan. In June, the share capital of the region had 32.6% of total sales, according to the portal Arka 15. Nationwide, the number of transactions in housing increased by 1.9% compared to May.

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Content tags: Overseas property Housing
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