Some real estate transactions could be completed electronically in  Armenia 

ArmInfo. In Armenia, some real estate transactions will be able to be completed electronically. At its October 15 meeting, the National Assembly's Committee on  Economic Affairs approved the amendments to the Law "On State  Registration of Property Rights" submitted by the Armenian government  for the first reading.

Presenting the amendments, Cadastre Committee Chairman Suren  Tovmasyan noted that when concluding certain contracts with the  Cadastre Committee, the seller and buyer will be able to sign the  contract, prepared and signed through the "This is Me" identification  system, from their computers, with an electronic digital signature  from their phones, and then submit the contract for state  registration of title.

"Once these works are completed, the system will automatically  register the buyer's rights and terminate the seller's rights. This  means we will introduce a new tool that will help simplify the  workload of registers and expedite the process of registering real  estate rights," Tovmasyan noted, adding that the legislative  amendment is being implemented on a pilot basis and will be in effect  for 1.5 years. The Cadastre Committee of Armenia's database will be  accessible, allowing participants to access the information online  after transactions are completed through their personal accounts. The  transaction agreement will only require the buyer's electronic  signature. The entire electronic transaction registration system will  be free of charge. Immediately after the transaction, the system will  automatically generate the real estate title.