ArmInfo. In the first quarter of 2021 in Yerevan, there were 2020 transactions for the purchase and sale of apartments, which is 64.5% of the total number of transactions for the purchase and sale of apartments in Armenia. According to the data of the State Committee of the Real Estate Cadastre, over the year, transactions for the purchase and sale of apartments in the capital decreased by 16.5%, and over the quarter by 6.5%.
After apartments, the largest number of transactions for the purchase and sale of real estate in the capital falls on transactions with garages (11.4%), followed by private houses (11.1%), land (8.4%), public buildings (7, 1%) and the least interest is real estate of industrial value (0.9%). By the number of transactions for the purchase and sale of apartments in the capital, the administrative district of Arabkir (19.5%) is in the lead, and traditionally the lowest percentage (0.1%) falls on Nubarashen.
At the same time, the average market value of real estate in apartment buildings in Yerevan in the first quarter of 2021 compared to the same period in 2020 decreased by 6% to 325.9 thousand drams / 1sq.m. on average, with a quarterly decline of 0.7%.
The highest prices for apartments in Yerevan are traditionally held by the Kentron (Center) community - on average 606.6 thousand AMD /1 sq. m. (annual decline by 8.7%, quarterly - by 1.3%). This is followed by Arabkir, where the price of apartment blocks is fixed at 435.8 thousand AMD / 1 sq. m. (annual decline by 5.5%, quarterly decline by 0.8%). Davidashen closes the top three - 314.1 thousand AMD / 1 sq. m. (annual decline of 9.6%, quarterly decline of 1.5%).
The lowest housing prices in the capital remain in the Nubarashen community, where a square meter of an apartment averaged 174.7 thousand drams / 1 sq. m., with an annual decline of 7.9%, and a quarterly decline of 0.3%.
It should be noted that in total, 3,128 transactions for the purchase and sale of apartments were made in the country, which is 16.2% less than a year ago, with a decline of 2.6% over the quarter. At the same time, the largest number of transactions for the purchase and sale of apartments was registered in Yerevan (64.5%), and, accordingly, the lowest percentage (1%) in the Vayots Dzor region.
In total, in the republic in the first quarter, there were absolutely 40,949 real estate transactions, which is 5.2% lower than a year ago, while the number of transactions increased by 12% during the quarter. According to the data of the State Committee for Real Estate Cadastre, of the total number of transactions, Yerevan accounts for 29.9% (12,254) of the total number of transactions carried out in the Republic, with an annual decline of 9.6 and quarterly decline of 0.3%.
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