34.8% RISE IN HOUSING PRICES RECORDED IN YEREVAN IN FIRST HALF OF 2004

YEREVAN, JULY 23. ARMINFO. In the first half of 2004, the average
price of 1sq. meter of housing in Yerevan was 214.3 USD, a 34.8%
increase as against the first half of 2003, and a 14.1% increase as
against the second half of 2003.

The press service of the RA State Registry of Immovable Property
reports that in the first half of 2004, in Yerevan’s Center community
(North Avenue under construction not considered), the average price of
1sq. meter of housing was 438.8 USD. In the other communities the
situation was as follows: Arabkir, 341 USD,

Kanaker-Zeitun, 211 USD, Nor-Nork 175 USD, Avan 166.5 USD, Erebuni,

172.6 USD, Shengavit, 189.4 USD, Davidashen 211.4 USD, Achapnyak 189
USD, Malatiya-Sebastiya 197.7 USD, Nubarashen 74 USD. In the first
half of 2004, a total of 2,941 purchase-and-sale deals with private
houses were recorded, 579 of them in Yerevan. The average price of
1sq. meter of housing in private houses increased by 31.9% in the
first half of 2004 as against the first half of 2003. From the second
half of 2003 to the first half of 2004, a 13.1% increase in prices was
recorded. In the first half of 2004, 1sq. meter of housing in private
houses in Yerevan averaged 231 USD: in the Center community,

452.8 USD, in Arabkir 346.8 USD, in Kanaker-Zeitun 212.9 USD, in
Nork-Marash 326.4 USD, in Avan 168.9 USD, in Erebuni 174.7 USD, in
Shengavit 190 USD, in Davidashen 212.5 USD, in Achapnyak 168.9 USD, in
Malatiya-Sebastiya 189.2 USD, and in Nubarashen 75.4 USD.