ArmInfo. The average market value of real estate in multi- apartment buildings of Yerevan for the I half of 2019 increased by 9.5% per annum, amounting to 304.2 thousand AMD / 1 sq. m. This is evidenced by the data of the State Committee of the Real Estate Cadastre of RA.
Thus, according to the State Cadastre, the highest prices for apartments in Yerevan are traditionally recorded in the Kentron (Center) community - an average of 586.6 thousand drams / 1 sq. m., with a y-o-y growth of 16.3%. Arabkir follows next, where the price of multi-apartment buildings is fixed at 401 thousand AMD / 1 sq. m., with a y-o-y increase of 11%. Davidashen closes the top three with y-o-y growth of 10.8% to 309.3 thousand drams / 1 sq. m.
The lowest housing prices in the capital are maintained in the Nubarashen community, where a square meter of an apartment averaged over the reporting period 172.9 thousand drams / 1sq.m., with y-o-y growth of 7%. Real estate prices also grew in Qanaqer-Zeytun communities - by 8.3% to 295.4 thousand drams, Nor-Nork - by 7.3% to 257.2 thousand AMD / 1 sq. m., Erebuni - by 6, 2% to 262.8 thousand AMD / 1 sq. m., Shengavit - by 5.6% to 265.3 thousand AMD / 1 sq. m., Ajapnyak - by 11.6% to 273.7 thousand drams / 1 sq. m., Malatia-Sebastia - by 7.6% to 255.5 thousand AMD / 1 sq.m. and Avan - by 4.7% to 266.5 thousand AMD / 1sq.m.
According to the State Committee, in Yerevan in the first half of 2019, 5,061 transactions were made on the purchase and sale of apartments in multi-apartment buildings, which is 5.3% more than the indicator a year ago. The lion's share of these transactions - 19.2% - fell on apartment buildings in the Center community, and the smallest - 0.3% - on Nubarashen.
It should be noted that the State Committee of the Real Estate Cadastre of the Republic of Armenia changed the format of the report, starting with the data for the first quarter of 2018, in which there is no information on the prices of private houses. From now on, data on private houses will not be published in the State Cadastre reports on real estate prices.