2,799 FLATS SOLD IN ARMENIA’s REGIONS IN FIRST HALF OF 2004

YEREVAN, JULY 23. ARMINFO. A total of 2,799 flats were sold in
Armenia’s regions in the first half of 2004, a 35.5% increase as
against the first half of 2003, and a 2.3% increase as against the
second half of 2003, the RA State Registry of Immovable Property
reported.

A 7.4% increase in prices for housing was recorded in Armenia’s
regional centers during the period under review. In the first half of
2004, the average price of 1sq. meter in Ashtarak was 63.2 USD, in
Artashat 55.5%, in Echmiadzin 86 USD, in Gavar 31.9%, in Vanadzor
62.2%, in Abovyan 86.2%, in Hrazdan 33.8 USD, in Tsakhkadzor 76.6%, in
Yeghvard 42.7 USD, in Nor Achn 55.9 USD, in Gyumri 72.2 USD, in Goris
32 USD, in Vaik 35 USD, in Jermuk 41 USD, in Ijevan 42.3 USD,

in Dilijan 36.7 USD.

A total of 2,362 purchase-and-sale deals with private houses were
recorded in the first half of 2004, a 66.3% increase as against the
corresponding period of last year. The average price of 1sq. meter of
housing in private houses increased by 31.9% from the first half of
2003 to the first half of 2004. In the first half of 2004, the average
price of 1sq. meter of housing in private houses ion Ashtarak was 83.5
USD, in Artashat 62 USD, in Echmiadzin 90 USD, in Gavar 39.9 USD, in
Vanadzor 69.4 USD, in Abovyan 92.9 USD, in Hrazdan 40.4 USD, in
Tsakhkadzor 86 USD, in Yeghvard 47.5 USD, in Nor Achn 56.7 USD, in
Gyumri 91.3 USD, in Goris 33.3 USD, in Vaik 37 USD, in Jermuk 43.4
USD, in Ijevan 42.9 USD, in Dilijan 39.4 USD.

The highest rise in the number of deals was recorded in the Kotayk
region, 10.5%. In Shirak, Ararat and Lori, 10.2%, 9.7% and 8.4%
respectively. The lowest number of deals was recorded in Vaiots Dzor,
1.5%.