Thursday, December 24 2020 15:28
Alina Hovhannisyan

In the regions of Armenia, 59% of transactions for the purchase and  sale of real estate fall on land, despite a significant decline in  activity

In the regions of Armenia, 59% of transactions for the purchase and  sale of real estate fall on land, despite a significant decline in  activity

ArmInfo.In the regions of Armenia, in November 2020, 1,874 transactions for the purchase and sale of real estate were carried out, which is 43.7% lower than a  year ago, and 28% less than in October 2020.

According to the data of the RA Real Estate Cadastre State Committee,  out of the total number of transactions made in the regions of  Armenia, during the reporting period, the largest percentage, as  before, falls on the purchase and sale of land (539.07 ha)- 1107  transactions (59%), with an annual decline of 42%, with a monthly  decline of 30.6%. The highest percentage of land purchase and sale  transactions traditionally falls on the Kotayk region (32.4%), and  the lowest is registered in the Syunik region (0.3%).  Then, in terms  of number, in the regions of the Republic of Armenia, there are  transactions for the purchase and sale of private houses (18%),  followed by transactions with apartments (16%). And very scanty  shares are accounted for by transactions for the purchase and sale of  public buildings (3.2%), garages (2.7%) and production facilities  (1%).

According to the source, in the regions of Armenia only 298  transactions for the purchase and sale of apartments were carried out  with an annual decline of 51.5%, with a monthly decline of 22%.  At  the same time, the average market value of apartments in the regions  of Armenia increased in November 2020 compared to the same period in  2019 by 1.6%, with a decline of 1.1% over the month, amounting to 92  thousand AMD / 1 sq. m.

According to cadastral data, the highest prices for apartments in the  regions are traditionally held in the resort town of Tsaghkadzor -  281.3 thousand AMD / 1 sq. m. on average, with an annual decline of  0.4%, unchanged per month. This is followed by the city of Abovyan,  where the price of apartments was fixed at the level of 188.3  thousand drams / 1 sq. m., with an annual growth of 6.1%, without  changes per month.  And the top three is closed by the city of  Vagharshapat, where a square meter of an apartment costs 160.2  thousand drams, with an annual growth of 8.6%, with no change per  month.  The lowest prices were recorded in Tumanyan (Lori region)  -20.3 thousand AMD / 1sq.m. (with an annual decline of 15.4%, during  the month - by 5.6%), followed by the city of Akhtala (Lori region) -  35.1 thousand drams / 1 sq. m. (with an annual decline of 12.3%, with  no change per month), and Chambarak (Gegharkunik region) - 37.1  thousand drams / 1 sq. m. (with an annual decline of 15.7%, for the  month - 2.4%).