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Turks Are Interested In Reality

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  • Turks Are Interested In Reality

    TURKS ARE INTERESTED IN REALTY
    By Siranuysh Papyan

    AZG DAILY
    10-12-2009

    Armenia - Turkey

    Real estate workers say Turks are interested in the Armenian realty.

    Have the Armenian real estate agencies already sold an apartment or
    land to any Turk? According to the head of the Kentron real estate
    agency Vahe Danielyan though they did not make such a deal but they got
    a number of mails which are apparently sent by Turks. Vahe Danielyan
    says that there was great number of mails on the eve of the signing
    of the Armenian and Turkish protocols. Though the authors present
    as Tom or use any other non-Turkish name, nevertheless the mails are
    sent by Turks. "Turks are interested not in apartments but in factory
    lands near Yerevan", says Vahe Danielyan noting that the authors of
    the letters said they wanted to come to Armenia after October 11,
    signing of the Armenian and Turkish protocols, to find an appropriate
    version for them.

    In answer to the question whether they will have the same feeling when
    showing lands to Turks as they would have when showing to French or
    English people, Danielyan said that from the point of business there
    should be no difference.

    The head though is afraid that the real estate market will activate
    a little, but we have to think that if Turks open the border today
    they may close it after six months and we will not have opportunities
    to take our values back.

    The head of the Cascade Realty agency Vardan Avagyan says by
    legislation a foreigner does not have the right to buy land in
    Armenia. "In other words, they have the right to buy realty but the
    land on which it is, is not their property". Nevertheless, Vardan
    Avagyan notes that by the opening of the Armenian and Turkish border,
    the realty market will activate and adds that mainly shops, factories
    will be sold which will cause much change.

    Cascade Realty has not yet stipulated any deal with any Turk. And
    the realtor Armen thinks the nationality does not matter as he is
    already tired of the lack of deals.
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