ArmInfo. In Q1 2022, 1,046 real estate purchase and sale transactions were made in Armenia by foreigners, which is 31.6% higher than a year ago. At the same time, foreigners accounted for 8.6% of the total number of transactions (instead of 7.2% a year earlier).
According to the Cadastre Committee of the Republic of Armenia, as always, the number of foreigners selling real estate exceeded the number of buyers. In particular, during the reporting period, 689 non-residents entered into transactions for the sale of real estate, 318 - for buying, and 39 - for both purchase and sale. As a result, in the first quarter of this year, foreigners bought 357 properties and sold - 728 properties.
At the same time, the lion's share in terms of buying real estate by foreigners falls on apartments - 44.3%, followed by land (22.4%), own houses (17.1%), garages (6.7%), buildings of public value (5.6%), and the lowest percentage falls on the purchase of industrial buildings (3.9%). Both in buying and selling, apartments account for the largest percentage - 44.5%, followed by land (28.2%), private houses (21.4%), garages (2.9%), public buildings (2.6%), and the smallest number of sales accounted for industrial buildings (0.4%).
The most active buyers and sellers of real estate in Armenia are citizens of the Russian Federation, the United States, Iran, a number of European countries and the CIS.
