"Haykakan Zhamanak": Flat purchase-sale deals sharply reduce in Armenia
Armenian PressYesterday State Committee of Real Estate Cadastre of RA published January survey of Armenia’s real estate market that registered a strange and unprecedented tendency, the number of deals has sharply reduced.
The number of purchase and sale of apartments in blocks of flats has reduced in Yerevan by 30% as compared with January 2012 and by about 24% in provinces. Such reduction in Armenia was registered only in 2009, which was a crisis year. As compared with January 2012, a little growth of prices in US dollars has been registered but such sharp decline does not allow claim that the process of devaluation of real estate prices continuing for four years has stopped.