Monday, March 15 2010 18:06
Housing prices in Armenia are lower than those in 2008
ArmInfo. In January 2010 the housing prices in Yerevan fell lower than the level of 2008, the reports of the State Committee of the Real Estate Cadastre say. According to the source, the average price per sq.m. in the apartment buildings in Yerevan
amounted to 269.8 thsd AMD, this index being by 5% lower than in Jan 2009, and by 0,6% lower than in Jan 2008. The price decline affected the buying activity and by the end of January 2010 the number of purchase and sale transactions in Yerevan grew by 35% as compared with the same period of 2009.
Yerevan maintains its leading position by prices in Yerevan. The highest prices are fixed in the central part of the capital, particularly, in Kentron (Center) community, where the average pruce per sq.m. is 473 thsd AMD. In Arabkir community prices are over 370 thsd AMD, in the rest of communities – over 200 thsd AMD, except Nubarashen, where the average price per sq.m. is 142 thsd AMD.
In the regions of Armenia the highest prices of real estate are in Tsaghkadzor, Abovyan, Vagharshapat, Ashtarak, Goris, Ijevan, Nor Hachn, Masis, Armavir, Gyumri, Yeghvard, Jermuk, Yeghegnadzor, and Byureghavan, where the average price ranges from 100 thsd AMD to 190 thsd AMD per sq.m. At the same time, according to the source, the prices of flats in the regions fell by 3% as compared with the same period of 2009.
As regards private houses, by the end of January 2010 in Yerevan their average price made up 279 thsd AMD, which is lower than 13%, and by 0,8% higher as compared with the end of December 2009, while in the regions the annual decline made up almost 2%, and the monthly growth - 0,7%. As a result, in Yerevan the following prices were fixed in Yerevan: in Kentron and Arabkir communities - 481 thsd AMD and 377 thas AMD; in Kanaker-Zeytun, Davidashen, Nork-Marash, Ajapnyak, Malatia-Sebastia, Shengavit, Erebouni and Avan the average price ranges from 230 to 290 thsd AMD. The lowest price of private houses was fixed in Nubarashen - 146 thsd AMD per sq.m.
In the regions the highest prices of private houses was fixed in Tsaghkaszor - 303 thsd AMD per sq.m., the lowest price – in Shamlukh - 7.4 thsd AMD.