Wednesday, September 23 2020 19:29
Alina Hovhannisyan

Foreigners tend to sell real estate in Armenia rather then buy it  

Foreigners tend to sell real estate in Armenia rather then buy it  

ArmInfo. In August 2020, 327 transactions for the purchase and sale of real estate were made in Armenia by foreigners, which is 9.4% higher than the July  indicator. At the same time, of the total number of transactions,  only 100 accounted for acquisition.

According to the State Real Estate Cadastre, in total, the share of  non-residents accounted for 6.7% of the total volume of transactions  (versus 6% in July this year) registered during the reporting period.  As a result, in August of this year foreigners bought 116 units of  estate with growth per month by 17.2%, and with a decline in y-o-y  terms by 50%. At the same time, the lion's share in terms of buying  real estate falls on apartments - 43 or 37.1% (with a decline in a  year by 60.9%, and an increase in a month by 25.6%), followed by land  (30.2 %), own houses (20.7%), and the lowest percentage falls on the  purchase of buildings of industrial importance (0.9%).

At the same time, 217 units of real estate were sold by non-residents  during the reporting period (with a  y- o-y decline of 43.6%, and an  increase of 8.5% per month). Exactly as in the case of buying, the  lion's share of sales is also accounted for 80 or 36.9% of apartments  (over the year, apartment sales decreased by 54.3%, and increased by  5.3% over the month), followed by land (30.9%), own homes (28.6%),  and the smallest number of sales are for garages (1.8%). The most  active buyers of real estate in Armenia are citizens of the Russian  Federation, the United States, and European countries, while the  property is sold mainly by citizens of the Russian Federation,  followed by citizens of the CIS countries and the United States by a  large margin.

In all cases, the statistics for August demonstrate the dominance of  sales over purchases. According to experts, such negative dynamics  could be influenced by changes in the Tax Code of the Republic of  Armenia for the application of new mechanisms for calculating  property tax based on its market price, not the cadastral price. The  factor of disappointment with the results of the velvet revolution  and the unsatisfactory pace of the promised reforms is also possible. 


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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000