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Armenian President Is Sure That Real Estate Prices Were Not Risen Ar

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  • Armenian President Is Sure That Real Estate Prices Were Not Risen Ar

    ARMENIAN PRESIDENT IS SURE THAT REAL ESTATE PRICES WERE NOT RISEN ARTIFICIALLY

    arminfo
    2007-11-16 15:01:00

    ArmInfo. Real estate prices were not risen artificially, Armenian
    President Robert Kocharyan told journalists today.

    He also added that four years ago land in Armenia was underestimated.

    According to the president, today resident of central part of Yerevan
    is not a poor person, as even if he is jobless, he has an opportunity
    to start his own business taking credit from a bank and giving his
    real estate as a pawn.

    The president said that welfare of the country is also estimated by
    real estate prices and by the size of salary.

    To note, the annual growth of prices for a square meter of the Yerevan
    apartments and houses amounted to 34%.
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