ArmInfo. There are no restrictions for foreign citizens on transactions of purchase and sale of real estate in Armenia, with the exception of the purchase of agricultural lands. Chairman of the Real Estate Cadastre Committee Suren Tovmasyan told reporters on January 25 during a briefing, answering a question about the possible acquisition of real estate in Armenia by citizens of Azerbaijan and Turkey.
When asked if there is information about the amount of real estate acquired by residents of Azerbaijan and Turkey in Armenia, Tovmasyan noted that the results for the year are now being summed up and the Cadastre Committee will publish a report on transactions with foreigners. However, if the media sources are interested in citizens of specific countries, then, according to the head of the Committee, the latter can contact the department with an official written request and receive the necessary information.
According to cadastral data, foreigners made 4,479 real estate purchase and sale transactions in Armenia in 2023, which is 9.3% lower than last year's figure. As a result, they bought 1,645 real estates (y-o-y decrease: 15.6%), and sold 2,987 (y-o-y decrease: 5.9%).
The list of main participants in purchase transactions includes citizens of the Russian Federation (66.6%), followed by the USA (9.4%), Iran (3.8%), citizens of EU countries account for 12.1%, CIS countries (except for the Russian Federation ) 3.3%, in other countries - 4.6%.
Citizens of the Russian Federation were also more active in selling real estate in Armenia - 74.2%, followed by the USA - 7.3%, Iran - 2.4%, Syria - 0.1%, EU countries - 7.2%, CIS - 5.6% and other countries - 3.1%.
