YEREVAN, January 11. /ARKA/. Real property prices will be gradually rising in Armenia since 2013, the chairman of the State Committee of the Real Estate Cadastre Yervand Zaqaryan told reporters on Friday.
“I think if there are no serious optimistic developments, real property market growth, the prices will be climbing since 2013,” he said.
According to him, the real estate prices in Armenia are quite favorable compared to those in the other South Caucasian states.
The average market prices per 1 sq. m. in apartment buildings and private houses of the capital just slightly dropped in 2012, he noted.
“The prices in Yerevan remained almost the same from a year earlier. The slightest slip was from 257, 400 drams in 2011 to 257, 300 drams in 2012 per 1 sq. m. in apartment buildings. The average market price of 1 sq. m. in private houses was 274,000 drams in 2011 versus 275,000 in 2012m” he noted.
As to the regions, prices are growing there—in apartment buildings by 3.5% from 2011 to 82, 100 drams, and in private houses—by 0.7% to 86, 700 drams. ($1 – 407.47 drams). -0-