Thursday, July 1 2021 19:00
Alina Hovhannisyan

YoY transactions for the sale and purchase of apartments in Yerevan  increased 2.3-fold by June 2021

YoY transactions for the sale and purchase of apartments in Yerevan  increased 2.3-fold by June 2021

ArmInfo. In the real estate market of Armenia, in May 2021, 4,476 transactions for the purchase and sale of real estate were made, which exceeds the indicator of a  year ago by 53%, but a decline of 1.2% was recorded for a month  alone. This is evidenced by the data of the State Committee of the  Real Estate Cadastre.

According to cadastral data, out of the total number of transactions  on the purchase and sale of real estate in Armenia, the share of the  capital accounts for 29.3% or 1,315 transactions, with a y-o-y growth  of 79.4%, with a decrease of 8.9% in May.

In May, 777 transactions for the purchase and sale of apartments were  made in Yerevan, or 64.8% of the nationwide number of such  transactions. On a y-o-y terms, this figure increased 2.3-fold, but  in May alone it decreased by 11.4%.

After apartments, the largest number of transactions for the purchase  and sale of real estate in the capital falls on transactions with  private houses (186), followed by transactions with garages and land  (120 each), public buildings (95), and the least interest is real  estate of industrial value ( 17%).

In terms of the number of transactions for the purchase and sale of  apartments in the capital, the two administrative districts, Kentron  and Arabkir, are leading, where 137 transactions were made, and the  lowest percentage falls on Nork-Marash (1 transaction).

At the same time, the average market value of real estate in  apartment buildings in Yerevan in May 2021 compared to the same  period in 2020 decreased by 4.5% - to 330.3 thousand drams / 1 sq.   m., with an increase of 0.9% in May.   The highest apartment prices in Yerevan y-o-y decline by 7.9%, growth  in May by 0.9%). This is followed by Arabkir, where the price of  apartment blocks is fixed at 445 thousand AMD / 1 sq. m. (y-o-y  decline by 4%, growth in May by 1%). Kanaker-Zeytun closes the top  three - 318.3 thousand drams / 1 sq. m. (y-o-y decline by 5%, growth  in May by 1%).  

The lowest housing prices in the capital remain in the Nubarashen  community, where a square meter of an apartment averaged 176.1  thousand drams / 1 sq. m., with a y-o-y decline of 5.4%, and an  increase of 0.6% in May.  

In total, there were 1,200 transactions for the purchase and sale of  apartments in Armenia in May, which is 2.1-fold higher than the  indicator of a year ago, but in the reporting month (May) alone a  decline of 9.9% was recorded. 

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