Foreigners made 2,223 real estate purchase and sale transactions in  Armenia in H1 2023

ArmInfo.Foreign citizensmade 2.223 real estate purchase and sale transactions in Armenia in  the first half of 2023, which is 8.9% lower than a year ago. At the  same time, 9.4% of the total number of transactions were made by  foreigners (against 9% a year earlier), according to the data of the  RA State Committee for Real Estate Cadastre.

According to the cadastral data, the sale prevails over the purchase  in the total number of transactions of foreigners with real estate in  Armenia. In particular, in H1 2023 they completed 1,406 transactions  for the sale of real estate, 745 - for buying, and the remaining 72 -  for both buying and selling.

As a result, in H1 2023, foreigners bought 817 properties and sold  1,478.  At the same time, the lion's share of real estate purchased  by foreigners falls on apartments - 47.5%, followed by land - 21.4%,  own houses - 17.1%, garages - 7.7%, public buildings - 5.1 %, and the  lowest percentage falls on the purchase of industrial buildings -  1.1%.

Both in buying and selling, apartments account for the largest  percentage - 37.6%, land accounts for a little less - 33.4%, followed  by own houses - 23.8%. A very small share falls on the sale of  garages - 2.5%, public buildings - 2.2% and industrial buildings -  0.5%.

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.