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.