DURING LAST 5 YEARS NUMBER OF OPERATIONS WITH REAL ESTATE
IN ARMENIA HAS ALMOST TRIPLED

YEREVAN, FEBRUARY 8. ARMINFO. During the last 5 years the number of
operation with real estate in Armenia has almost tripled, reaching
98,345 in 2004.

ARMINFO was informed in the press office of the State committee of
cadastre of real estate, in 2000 number of deals with realty totaled
33,233, in 2001 – 44,792, in 2002 – 60,874, in 2003 – 71,797 deals.
98,345 deals with real estate were registered in 2004, their number
increased by 37% as against 2003. The monthly growth made up in
average 2.6%. The lion’s share of the bargains (38.4%) falls to
apartments. 44.4% of the deals are registered in Yerevan. Out of
the total number of the deals with real estate 41.5% (40,793) are
amortization, 16.7% – primary registration, 9.3% – rent, 7.8% – pledge,
0.4% – privatization, 8.6% – inheritance and 15.7% – other types.

As compared to 2003 in 2004 the total number of deals on amortization
increased by 27.2%. In the period under review out of 14,546 deals
on purchase and sale of apartments were registered in Yerevan. This
showing has increased by 2.8% as compared with the indicator of
last year.

From: Emil Lazarian | Ararat NewsPress