IMPACT OF THE FLOATING RATE ON ARMENIA'S REAL ESTATE MARKET
Alisa Gevorgyan

"Radiolur"
06.03.2009 15:13

How did the real estate market of Armenia react to the floating
exchange rate? It turns out that unlike oil and sugar, the interest
of our compatriots in real estate has abruptly decreased. There
has been complete tranquility on the real estate market over the
past days. What's the situation today, when the fluctuations of the
exchange rate have relatively stabilized?

"There is absolutely no sale," representatives of the "Modern Realty"
real estate company say.

"The peace at the real estate market will be maintained until the
dram and the dollar finally clarify relations," representatives of
companies engaged in real estate sale say.