Friday, July 1 2011 15:31
Activity of Armenia's real estate market grows by 23.1%
ArmInfo. 16,643 transactions were carried out on Armenia's real estate market in May 2011 - 23.1% more than in May 2010 and 2% more than in Apr 2011.
The National Real Estate Committee of Armenia reports that 32.3% of all transactions were carried out in Yerevan, 15% in Kotayk region, 8.2% in Lori.
79.6% of 4,065 alienation deals registered in May 2010 were deals for buying/selling of real estate, 19.5% - inheritance, 1% - exchange. Buying/selling of flats made up 66.2% of all buying/selling transactions in Yerevan. 125 out of 462 transactions for buying/selling private houses were carried out in Yerevan (6.8% more than in May 2010).
Initial registration made up 15.9% of real estate transactions, pawn - 5.5%, inheritance - 12.1%, rent - 4.7%.