Prices of private homes in Armenia drop

YEREVAN, August 23. / ARKA /. Prices of private homes in Yerevan fell by 1.6% in the first half of 2017 when compared to the same period last year. Overall, 1,923 transactions with privately-owned homes were registered in the first six months of the year, of which 583 in the capital city.

According to the State Cadastre Committee, the highest prices for private homes in the capital were registered in the administrative districts Kentron and Arabkir – 476,200 drams and 381,600 drams per one square meter respectively, and the lowest in Nubarashen district – 150,400 drams per one square meter.
The highest prices for private homes in the regions were recorded in Tsakhkadzor (Kotayk region) – 302,700 drams per square meter, and the lowest in the communities of Dastakert (Syunik region) – 11,700 drams for one square meter and Tumanyan (Lori region) – 12,000 drams.

The price of one square meter of housing in multi-apartment buildings in Yerevan decreased by 2.7%, according to the State Cadastre Committee. The highest prices were registered in the capital's administrative district Kentron- 435,500 drams per square meter and the lowest - in the district Nubarashen – 156,085 drams. The average cost of a square meter of housing in the regions decreased by 3%.

The highest prices per square meter of housing beyond Yerevan were registered in Tsakhkadzor (290,900 drams) and the lowest - in Dastakert and Shamlugh (Lori) (8,000 drams).  Overall, 78,575 transactions with real estate were registered in the country in the first six months, by 5.1% less from the year before. The bulk-38.6%- were registered in Yerevan . ($1 – 478.55 drams). -0--0-