60% of land purchase and sale transactions in regions of Armenia in  2023 were land ones

 Thursday, January 25 2024 21:41:00
60% of land purchase and sale transactions in regions of Armenia in  2023 were land ones

ArmInfo. The average market price of apartments in the regions of Armenia in 2023 increased by  13.4%, amounting to 130.8 thousand AMD/1 sq.m.

Apartments in Yerevan have risen in price by 10.3% over year
 Thursday, January 25 2024 21:40

ArmInfo. At the end of 2023, the average market value of real estate in apartment buildings in  Yerevan increased by 10.3% year-on-year, amounting to 425.3thousand AMD/1 sq.m.  According to data from the State Committee of the Real Estate Cadastre of the Republic of Armenia, the highest prices for  apartments in Yerevan are traditionally held by the Kentron (Center) community - on average 837.7 thousand AMD/1 sq.m. (y-o-y growth of 13.5%).

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State Revenue Committee of Armenia clarifies issues related to real  estate rental
 Wednesday, January 24 2024 16:28

ArmInfo. The State Revenue Committee of Armenia has provided clarifications on issues related to  real estate rental due to the new legislative reforms on declaration of property and payment of income tax on rentals that came into force on December 1, 2023.

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Unified real estate register to be established in Armenia
 Tuesday, January 9 2024 18:12

ArmInfo.A unified real estate register will be established in Armenia. This was announced on  January 9 at a press conference by the head of the Cadastre Committee Suren Tovmasyan.

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Cadastre: Along with 9.4% increase of apartment prices in capital  over year, sale-purchase transactions decreased by 21.6%, and rental  transactions increased by 15.1%
 Friday, December 8 2023 15:06

ArmInfo.Average market value of real estate in apartment buildings in Yerevan amounted to  429.2 thousand AMD/1 sq.m. in Q3 2023, which is 9.4% higher than the year-ago figure, with a quarterly increase of 3%, according to the data from the State Real Estate Cadastre Committee.

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Armenia increases budget of  servicemen`s housing provision program  with preferential mortgages
 Thursday, December 7 2023 15:15

ArmInfo.Chaired by Prime Minister Nikol Pashinyan, a regular Cabinet meeting took place today,  the press service of the RA Government reports.

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Forced migrants from Artsakh, can benefit from state program  supporting housing construction in border villages of Armenia, after  acquiring RA citizenship
 Wednesday, November 29 2023 01:02

ArmInfo.Deputy Minister of Labor and Social Affairs Davit Khachatryan and Press Secretary of the  Minister of Labor and Social Affairs Zaruhi Manucharyan presented the progress of the support provided by the Government to our compatriots forcibly displaced from Nagorno-Karabakh during the briefing held at  the "Humanitarian Center".

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Armenia`s authorities phasing out income tax reimbursement programme  for mortgage loans
 Friday, November 17 2023 12:02

ArmInfo.Armenia's authorities are phasing out the income tax reimbursement programme for mortgage  loans Armenia's Minister of Finance Vahe Hovhannisyan said the government  proposes narrowing the territorial and time frames. 

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State Revenue Committee to establish control in real estate rental  market
 Wednesday, September 27 2023 15:55

ArmInfo. The State Revenue Committee (SRC) intends to establish control in the real estate  rental market in order to bring this segment out of the shadows.  Deputy Chairman of the SRC Karen Tamazyan stated during a meeting of  the Standing Committee on Economic Affairs on September 27.

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Foreigners made 2,223 real estate purchase and sale transactions in  Armenia in H1 2023
 Monday, August 14 2023 13:42

ArmInfo.Foreign citizensmade 2.223 real estate purchase and sale transactions in Armenia in  the first half of 2023, which is 8.9% lower than a year ago. At the  same time, 9.4% of the total number of transactions were made by  foreigners (against 9% a year earlier), according to the data of the  RA State Committee for Real Estate Cadastre.

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9.3% rise in market average price for apartments in Yerevan in first  half of 2023
 Saturday, August 12 2023 20:25

ArmInfo. In the first half of 2023, a 9.3% rise in the market average price for apartments in  residential buildings was recorded in Yerevan as compared with the first half of 2022, up to AMD 411,100 per 1sq. meter, with a 4% price rise recorded this January-June against 14.6% and 7.9% respectively. 

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Foreigners` transactions on buying and selling property  reduced in  Armenia
 Monday, May 15 2023 18:45

ArmInfo.1,024 real estate purchase and sale transactions were made by foreign citizens in  Armenia, in Q1 2023, which is 2.1% lower than a year ago. Moreover, 9.4% of the total number of transactions were made by foreigners (against 8.6% a year earlier). Usually, the number of foreigners  selling real estate in Armenia prevails over the number of buyers. This is evidenced by the data of the RA State Committee for Real Estate Cadastre.

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In Yerevan, real estate market activity is declining, but prices  continue to rise
 Monday, May 15 2023 18:44

ArmInfo.The average market value of real estate in multi- apartment buildings in Yerevan in Q1  2023 amounted to 405.2 thousand drams / 1 sq.m., which is higher by 10.6%, than the same period in 2022, with a quarterly growth of 1.8% alone. This is evidenced by the data of the State Committee for Real Estate Cadastre.

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Cadastre Committee of Armenia proposes its own formula for getting  out of "shadow" of housing rental market
 Monday, April 3 2023 13:18

ArmInfo.The State Revenue Committee (SRC) of Armenia proposes amendments to the Tax Code of the Republic of Armenia, which will allow attracting apartments,  residential buildings and land plots that are idle to the rental  market, reduce the amount of rent, and also oblige to officially  record the fact of leasing for the purpose of further paying taxes.  The initiative is presented for public discussion on a single portal  of legal acts.

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Documentary credit system of payments to developers could be  introduced in Armenia 
 Thursday, February 2 2023 13:05

ArmInfo. Armenia's Minister of Economy Vahan Kerobyan held a meeting with representatives of Armenia's banks to discuss draft amendments to the Ra Civil Code.   The draft deals with replacement of money transfers to developers'  special accounts with letters of credit.  

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Armenia`s tax authorities on peculiarities of taxation when renting  apartment
 Monday, November 28 2022 16:25

ArmInfo. The income received from renting real estate is subject to taxation, the State Revenue Committee of Armenia (SRC) reminded.

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Apartments in Yerevan rose in price by 5.4% in Q2, with increase in  transactions for their purchase and sale by 30.8%
 Thursday, August 4 2022 13:30

ArmInfo. The average market value of real estate in multi- apartment buildings in Yerevan for Q2 2022 increased by 5.4%, with a y-o-y growth of 16.7%, amounting to  386.2 thousand drams / 1 sq.m. This is evidenced by the data of the  RA State Committee for Real Estate Cadastre.

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Housing renovation program in Armenia will be available this June
 Tuesday, June 14 2022 16:40

ArmInfo. The housing renovation loan program in Armenia will be available in June this year. Program Manager at Central Bank of Armenia Davit Kirakosyan announced this  during a press conference on June 14.

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Upward trend in real estate prices and rising interest rates will  reduce pace of mortgage lending growth
 Friday, June 3 2022 18:44

ArmInfo.The upward trend in real estate prices and rising interest rates will reduce the pace of mortgage lending growth. This is the opinion of the analysts of the  AmRating National Rating Agency affiliated with ArmInfo, referring to  the extremely high growth rates of the mortgage market, which reached  42% in y-o-y terms.

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Transactions on purchase and sale of real estate in Armenia by  foreigners increased by 31.6% over year
 Wednesday, April 27 2022 17:08

ArmInfo. In Q1 2022, 1,046 real estate purchase and sale transactions were made in Armenia by foreigners, which is 31.6% higher than a year ago. At the same time,  foreigners accounted for 8.6% of the total number of transactions  (instead of 7.2% a year earlier).

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Apartment prices in RA regions increased by 15.5% y-o-y, increasing  by 5.9% in quarterly terms
 Wednesday, April 27 2022 16:10

ArmInfo. The average market price of apartments in the regions of Armenia in Q1 2022 compared to the same period in 2021 increased by 15.5%, with an increase of 5%  over the quarter, amounting to an average of 107.8 thousand drams / 1  sq.m. At the same time, transactions for the sale and purchase of  apartments in the regions increased by 31.1% y-o-y, 1453 transactions, demonstrating a decline of 5.9% over the quarter.

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