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Number Of Real Estate Transactions Increases By 24.5% In Armenia In

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  • Number Of Real Estate Transactions Increases By 24.5% In Armenia In

    NUMBER OF REAL ESTATE TRANSACTIONS INCREASES BY 24.5% IN ARMENIA IN 2007 AS COMPARED WITH PREVIOUS YEAR

    Noyan Tapan
    March 20, 2008

    YEREVAN, MARCH 20, NOYAN TAPAN. 155,040 real estate-related
    transactions were conducted in Armenia in 2007, which exceeds by 24.5%
    the 2006 index.

    According to the RA National Statistical Service, alienation
    transactions made up 39.1%, primary registration transactions - 16.5%,
    pawning transations - 16.3%, inheritance transactions - 11.9%, lease
    transactions - 6.9%, privatization transactions - 0.1% and other
    state registration deals - 9.2% of the total number of transactions
    on real estate in 2007.

    38.4% of all real estate-related transactions was registered in
    Yerevan.
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