ArmInfo. The average market value of real estate in apartment buildings in Yerevan for the first half of 2018 increased by 3.9% per annum, making 277.7 thousand drams / 1 sq. M. This is evidenced by the data of the State Committee of Real Estate Cadastre.
According to ArmInfo analysts, a slight rise in prices in the first half of the year was registered for the first time in the last few years. So, in the first half of last year, property prices in Yerevan fell by 2.8%, by the end of last year, the decline was 3.5%. Thus, analysts believe, today it is more likely to assert about the beginning of the formation in the real estate market of optimistic expectations related to internal political processes and activation of investment processes.
So, according to the State Statistics Committee, the highest prices for apartments in Yerevan are traditionally kept by the community of Kentron (Center) - an average of 504.2 thousand drams / 1 square meter, with an annual growth of 15.8%. Then follows Arabkir, where the price of multi-apartment buildings is fixed at 361.5 thousand drams / 1kv.m., With annual growth of 4%. The top three Davitashen leaders are closing - with an annual growth of 6.7% to 279.1 thousand drams / 1 sq. M.
The lowest prices for housing in the capital remain in the community of Nubarashen, where the square meter of the apartment for the reporting period averaged 161.6 thousand drams / 1 square meter, with an annual growth of 3.1%. The rise in property prices in the capital was also recorded in the communities of Shengavit - by 1.7% to 251.3 thousand drams / 1kv.m., Erebuni - by 1.8% to 247.5 thousand drams / 1kv.m., Ajapnyak - by 2 , 1% to 245.3 thousand drams / 1 square meter. and Malatia-Sebastia - by 0.8% to 237.5 thousand drams / 1 sq. m.
In the rest of the metropolitan communities recorded a small in the technical error price decline. In particular, the cost per square meter of the apartment in the Kanaker-Zeytun community decreased by 0.4% to 272.5 thousand drams, Avan - by 0.1% to 254.5 thousand drams / 1 sq. M. and Nor-Nork - by 1.3% to 239.8 thousand drams / 1 square meter.
According to the State Committee, in Yerevan in the first half of 2018, 5,346 transactions were carried out for the purchase and sale of apartments in multi-apartment buildings, which is 27.8% more than the figure for the previous year. The lion's share of these transactions - 19.6% - fell on multi-apartment buildings in the Center community, and a meager 0.2% on Nork-Marash.
To note, The State Committee for the Cadastre of Real Estate of the Republic of Armenia changed the format of the report, starting with the data for the first quarter of 2018, in which information on prices of private houses is missing. Henceforth, the data on private property data will not be published in the State Property Price Reports.
