Wednesday, January 12 2022 17:14
Alina Hovhannisyan

9.7% year-on-year rise in housing prices in Armenia`s regions by Dec.  2021 

9.7% year-on-year rise in housing prices in Armenia`s regions by Dec.  2021 

ArmInfo.Last November, a 9.7% year-on-year rise in the average market prices for housing was recorded in Armenia's regions, with a monthly rise of 1.8%, up to AMD  104,600 per 1sq meter.  

According to the official data, the highest prices for housing were  traditionally recorded in thee resort town of Tsakhkadzor - AMD  322,300 per 1sq meter, with the year-on-year rise averaging 14.6%,  and the monthly rise, 3.8%. 

In Abovyan, the housing prices stood at AMD 220,100 pre 1sq meter,  with a year-on-year rise of 16.9% and a monthly rise of 2.3%. The  third leader in Vagharshapat (AMD 180,100) - a year-on-year rise of  12.4% and a monthly rise of 2.4% 

The lowest prices were recorded in Tumanyan, Lori region, (AMD 21,000  per 1sq meter) - a year-on-year rise of 3.4% and a monthly rise of  5%. A little higher housing prices were recorded in Chambarak,  Gegharkunik region, (AMD 36,100 per 1sq meter) - a year-on-year fall  of 2.7%. in Akhtala, Lori region, the price of 1sq meter of housing  was AMD 39,000 - a year-on-year rise of 11.1% and a monthly rise  2.6%.

The highest a year-on-year rise rates were recorded in Vanadzor -  23.8% up to AMD 99,000 per 1sq meter, Ashtarak - a 17.9% year-on-year  rise (up to AMD 153,300 per 1sq meter) and in Spitak - a year-on-year  rise of 18.6%, up to 105,000 per 1sq meter.

During the period under review, a year-on-year fall in housing prices  was recorded in Sisian, Syunik region, down to AMD 82,000 per 1sq  meter, with no monthly price changes. In the other communities of  Syunik an average year-on-year rise of 3% in hosing prices was  recorded: a 1.7% year-on-year rise in the average market price in  Kapan, with a 0.9% monthly rise, up to AMD 117,100 per 1sq meter; in  Goris, a 1.8% year-on-year rise and a 1.1% monthly rise up to AMD  143,500 per 1sq meter; in Kajaran, a 3.1% a 1.7% year-on-year rise  and a 1% monthly rise, up to AMD 101,000 per 1sq meter; in Meghri, a  2.4% year- on-year rise and a 0.9% monthly rise, up to AMD 105,100  per 1sq meter.  A 6.8% year-on-year increase in the number of  purchase-and-sale deals with housing was recorded in Armenia's  regions - 485.

A total of 2,091 land deals were recorded in Armenia's regions (59.5%  of the total number of deals), followed by deals with private houses  (641), with flats (485), with public buildings (131), with garages  (108), and with production buildings (58).  A total of 572 leasing  contracts were recorded in Armenia's regions - a 3.1% year-on-year  increase and a 7.5% monthly increase.  

A total of 13,253 real estate transactions were recorded in Armenia's  regions last November - a 2.3-fold year-on-year increase and a 10.4%  monthly increase. The number of purchase-and-sale deals totaled 3,514  (an 87.5% year-on-year increase and a 1.3% monthly increase)


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