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Real Estate 64.7% Of Armenia's Capital Construction Sector In Jan-Oc

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  • Real Estate 64.7% Of Armenia's Capital Construction Sector In Jan-Oc

    REAL ESTATE 64.7% OF ARMENIA'S CAPITAL CONSTRUCTION SECTOR IN JAN-OCT 2008

    ARKA
    Dec 1, 2008

    YEREVAN, December 1. /ARKA/. The mortgage market comprised 64.7%
    of Armenia's capital construction between January and October 2008,
    the RA National Statistical Service (NSS) reports.

    Capital construction in the mortgage sector amounted to 443.4bln
    drams in the past ten months - 37.6% year-on-year increase. Capital
    construction in municipal and social services totaled 59.1bln drams
    (8.6% of the sector) in the reporting period - 8.8% year-on-year
    decrease.

    Capital construction in trade, repair of vehicles and household
    appliances amounted to 46.8bln drams between January and October 2008 -
    9.1% decline compared to the same period last year.

    Transport and communications comprised 7.3% of capital construction
    (49.6bln drams) - 42.4% of January-October 2007.

    During the period under review, capital construction worth 3,887.9mln
    drams was carried out in agriculture - 0.6% of the sector. Capital
    construction in water-electricity-gas distribution amounted to 27.55bln
    drams as of end-October 2008 - 12.8% year-on-year rise.

    Capital construction in the hotel and restaurant business rose 1.75pct
    to 2,176.8mln drams.

    Armenia's capital construction totaled 685.1bln drams in the past
    ten months - 6.9% rise compared to January-October 2007. Building and
    assembly operations comprised 13.5% (622bln drams) ($1 - 305.42 drams)
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