SYRIA, IRAN FACTORS NOT YET IMPACT ARMENIA'S REAL ESTATE - ECONOMIST

news.am
July 09, 2012 | 16:01

YEREVAN. - The developments currently unrolling with respect to Syria
and Iran have not yet substantially impacted Armenia's real estate
market, economist Tatul Manaseryan stated during a press conference
on Monday.

He informed that although Armenians from the aforesaid countries
have already purchased real estate in Armenia, the offer is so much
that it did not substantially affect the current market condition in
the country.

Nonetheless, the risks remain and if military operations were to
start-or expand-in these countries, the Armenians from there could
immigrate to Armenia en masse and the country's real estate prices
could rise.

As per Manaseryan, Armenia's real estate market is satiated because
of the constructions that were underway for years on end.

"The offer exceeds the demand, but the prices do not drop
equivalently," said Tatul Manaseryan.