Friday, July 1 2011 15:21
81.5% of mortgage transactions in Armenia fell on apartment buildings
ArmInfo. A total of 211 mortgage transactions with property were made in Armenia in May 2011, of them 141 in Yerevan. 81.5% of mortgage transactions fell on apartment buildings, 16.1% - on private houses.
According to the Armenian State Committee of Real Estate Cadastre, the number of mortgage transactions with property declined by 2.3% in May as compared with April, in Yerevan - by 17.5%, and in the regions the number of transactions grew by 55.6%. The annual growth of mortgage transactions with property made up 37% (22.6% in Yerevan, 79.5% in the regions).
According to the source, in May mortgage transactions were made with 407.92 ha of lands, of them 3.86 ha in Yerevan. 93.7% or 382.04 ha were agricultural lands. The biggest number of such transactions was made in Armavir region - 178.68 ha, of them 178.02 ha being agricultural lands.