Housing transactions in Armenia increased by about 13%

ArmInfo.There was a roughly 13% increase in real estate transactions in Armenia in 2024, as stated by Suren Tovmasyan, the head of the Cadastre Committee, at the final  press conference on January 7.

In particular, according to him, last year there were 247,926 real  estate transactions in Armenia, with 68,946 of them in Yerevan.   There was a noticeable increase in both the capital and almost all  regions (except for the Armavir region, where it only amounted to  0.3%). In Yerevan, the increase was slightly over 12%, and in the  regions, it was slightly under 13%, with Gegharkunik seeing a 15%  increase.  However, there has been a decline in gift agreements.  Tovmasyan mentioned that legislative changes were made earlier,  moving gift agreement from the Cadastre Committee to the notaries.  Additionally, there has been an increase over the past year, with  data on this expected  to be published by the end of January.