ArmInfo. In Q3 of 2020, 981 real estate transactions were concluded by foreigners in Armenia, which is 41.9% lower in y-o-y terms (compared to the Q3 of 2019), but twice as many compared to the previous quarter of this year. According to the State Cadastre of Real Estate, in total, the share of non-residents made 6.4% of the total volume of transactions fell to, against 12.8% in the last year for the same period, and 5.9% in the Q2 of this year.
In particular, during the reporting period in Armenia, out of the total number of transactions, only 327 accounted for the purchase of real estate, 627 for the sale and 27 for the purchase and sale. As a result, in the Q3 of this year foreigners bought 354 units of real estate, sold - 654.
At the same time, the lion's share of the purchase of real estate falls on apartments - 37.3%, followed by land (28.2%), private houses (20.1%), garages (7%), public buildings (6,8%) and the lowest percentage falls on the purchase of buildings of industrial importance (0.6%).
Just as in case of purchase, the lion's share of sales also falls on apartments - 35.9%, followed by land (33.9%), private houses (25.8%), garages (2.1%), buildings of public importance (1.8%) and the smallest number of sales falls on buildings of industrial importance (0.3%).
The citizens of the Russian Federation, the USA, Iran, a number of European countries and the CIS are most actively buying and selling real estate in Armenia. In all cases, the statistics for the Q3 demonstrates the dominance of sales transactions over purchases.
