ArmInfo. In 2021, 4,621 real estate transactions were made by foreigners in Armenia, which is 32.2% higher than a year ago. According to the RA State Real Estate Cadastre, in total, non-residents accounted for 8.2% of the total number of completed purchase and sale transactions, against 7.6% in the same period a year earlier. According to all indicators for the reporting period, there is a dominance of sales over purchases in real estate transactions of foreigners.
In particular, during the reporting period in Armenia, out of the total number of transactions by non- residents, sales accounted for the largest part - 3034, and only 1466 transactions accounted for purchases. As a result, in the first half of this year, foreigners bought 1335 real property, and sold - 2573. At the same time, the lion's share of the purchase of real estate by foreigners falls on apartments - 45.6%, followed by land (20.9%), own houses (19%), garages (8.3%), public buildings ( 4.8%), and the lowest percentage is for the purchase of industrial buildings (1.4%).
As in the case of purchase, the lion's share falls on apartments -40.5%, followed by land (29.9%), private houses (23.9%), garages (2.9%), public buildings ( 2.8%), and the smallest number of sales are for industrial buildings (0.7%).
The most active buyers and sellers of real estate in Armenia are citizens of the Russian Federation and the United States.
It should be noted that in total, 56.044 real estate purchase and sale transactions were concluded in Armenia in 2021, which is 21.4% higher than a year ago.
