Some 15,572 real estate transactions effected in Armenia in 2019 September, by 36.1% more than in September 2018
05.11.2019,
17:02
A total of 15,572 real estate transactions were effected in Armenia in 2019 September, by 36.1% more than in the same month of 2018, the State Real Estate Cadastre Committee said.
YEREVAN, November 5. /ARKA/. A total of 15,572 real estate transactions were effected in Armenia in 2019 September, by 36.1% more than in the same month of 2018, the State Real Estate Cadastre Committee said.
It said the bulk of the transactions -36% - were effected in the capital city Yerevan and the smallest portion- 1.4%- in the southern province of Vayots Dzor. Also, Kotayk province accounted for 14.1% of all transactions, Ararat province for 9.4%, Armavir for 7.4%, Lori for 7.1%, Aragatsotn for 6%, Gegharkunik for 5.1%, Shirak for 4.9%, Tavush for 4.3%, and Syunik for 4.2%.
According to the State Cadastre, 3.48% of all effected real estate transactions were sale and purchase deals, 17% were primary registration of new built homes, also 14.3% were inheritance deals, 15.9% were collateral transactions, 6.3% were rental transactions and 8.1% were other type of real estate transactions.
Also, the average market value of one square meter of housing in apartment buildings in Yerevan in September 2019 grew by 10.8% from September 2018. Compared with August 2019, the average market value of 1 sq. meter of housing increased by 1.2%.
The highest price per square meter of housing was in the resort town of Tsaghkadzor (279,000 drams), while the lowest was in Dastakert, in Synuk (21,400) drams). ($1 - 476.57 drams). -0-
It said the bulk of the transactions -36% - were effected in the capital city Yerevan and the smallest portion- 1.4%- in the southern province of Vayots Dzor. Also, Kotayk province accounted for 14.1% of all transactions, Ararat province for 9.4%, Armavir for 7.4%, Lori for 7.1%, Aragatsotn for 6%, Gegharkunik for 5.1%, Shirak for 4.9%, Tavush for 4.3%, and Syunik for 4.2%.
According to the State Cadastre, 3.48% of all effected real estate transactions were sale and purchase deals, 17% were primary registration of new built homes, also 14.3% were inheritance deals, 15.9% were collateral transactions, 6.3% were rental transactions and 8.1% were other type of real estate transactions.
Also, the average market value of one square meter of housing in apartment buildings in Yerevan in September 2019 grew by 10.8% from September 2018. Compared with August 2019, the average market value of 1 sq. meter of housing increased by 1.2%.
The highest prices were in Kentron administrative district in Yerevan - 612,000 drams per square meter of housing and the lowest was in Nubarashen district- 178,000 drams. The average cost per square meter of housing in apartment buildings in the regions increased by 1.9% compared to September 2018.
