ArmInfo. In Armenia, in the first half of 2024, foreign citizens completed 1,737 real estate purchase and sale transactions, which is 21.8% lower than a year ago. Moreover, of the total number of transactions, the share of transactions made by foreigners accounted for 6.4% (versus 9.4% a year earlier). This is evidenced by the data of the RA State Committee for Real Estate Cadastre.
Traditionally, the number of foreigners selling real estate in Armenia prevails over the number of buyers. According to cadastral data, in the first half of the year there were 1,077 real estate sales transactions, 592 purchase transactions, and 68 purchase and sale transactions.
As a result, in the first half of this year. 660 real estate properties were purchased by foreigners and 1,145 were sold, respectively.
At the same time, the lion's share of real estate purchased by foreigners falls on apartments - 41.7%, followed by land - 22.6%, own houses - 18.6%, garages - 10.9%, buildings of public importance - 5.6 %, and the lowest percentage falls on the purchase of industrial buildings - 0.6%.
In sales, the main share falls on land transactions - 36.4%, followed closely by apartments - 32.4% and own houses - 25.3%. A small portion comes from the sale of garages - 3.2%, public buildings - 2.4%, and industrial buildings - 0.3%.
The most active buyers and sellers of real estate in Armenia are citizens of the Russian Federation, the USA, Iran, a number of European countries and the CIS.
