EXPERT PREDICTS PROBLEMS FOR ARMENIAN REAL ESTATE MARKET

PanARMENIAN.Net
January 27, 2012 - 12:35 AMT

PanARMENIAN.Net - According to official data, the year 2011 saw growth
in all sectors of economy, with the exception of construction industry,
head of Alternative research center says.

However, Tatul Manaseryan says that in 2012, regional trends,
particularly, the situation with Iran, are likely to boost the field,
due to possible business communities' inflow to Armenia and real
estate purchase.

At the same time, the expert presumes that the real estate market can
face problems in a long-term perspective because of "oversaturation."

The construction volume decreased by 11,5% in 2011 as compared with
2010, amounting to AMD 480,8 bln, according to RA National Statistical
Service. 16,3% growth was registered in December 2011 as against
December 2010.


From: Baghdasarian