Stable sideways trend instead of  decline: CB governor on real estate  prices

ArmInfo. If there is a decline in real estate prices, it is happening very steadily and within a predictably stable sideways trend. The Chairman of the  Central Bank of Armenia announced this during a press conference on  September 16.

Referring to the last few reports from the Central Bank, he noted  that they spoke about potential risks of a decline in real estate  prices. However, the actual situation has been different. Therefore,  as the head of the Central Bank noted, the regulator does not see any  additional risks.  When asked about a possible imbalance in supply  and demand in the real estate market after 2 years, Galstyan  refrained from providing any assessments.

"I think we need to wait and see what happens, as the real estate  market itself depends on several other factors, the development of  which will be difficult to assess over a two-year period," the  Chairman of the Central Bank emphasized.