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Over 30,000 real estate collateral transactions made in Armenia in 2019

18.02.2020, 19:05
In 2019, a total of 30,072 real estate collateral  transactions were made in Armenia, according to the Cadastre Committee. Compared with  2018, the number of transactions was up  by 11.6%.

Over 30,000 real estate collateral  transactions made in Armenia in 2019
YEREVAN, February 18. /ARKA/. In 2019, a total of 30,072 real estate collateral  transactions were made in Armenia, according to the Cadastre Committee. Compared with  2018, the number of transactions was up  by 11.6%.

During the reporting period, the largest number of transactions was registered in Yerevan - 52.9% of the total, and the smallest  in Vayots Dzor region (1.5%).

Some 10.7% of the transactions were registered in the province of Kotayk,  7.7% in Ararat,  7% in Armavir,  4.5% in Lori,  4.3% in Shirak,  4% in Syunik,  2.6% in Aragatsotn,  2.5% in Tavush and 2.3% is  Gegharkunik.

Some 52.2 percent of the transactions involved apartments, 24.8% privately-owned homes, 9.9%  public buildings, 8.4% land plots, 3.1% industrial premises and 1.7% garages.

Also, 12,178 real estate rental transactions were completed in 2019. Compared to 2018, the number of such transactions increased by 23.5%. The largest number of transactions was registered in Yerevan - 57.6% of the total, and the smallest in Vayots Dzor region (1.9%). -0-