TENEMENT HOUSE APARTMENT PRICES INCREASE 2.1% IN YEREVAN IN FEBRUARY

YEREVAN, APRIL 8, NOYAN TAPAN. 8,040 transactions on real estate
were made in the country in Febraury, 2005, which represents
a 12.2% increase compared with February of last year and a 32%
increase compared with January, 2005. According to the State Real
Estate Cadastre Committee, out of 2,858 alienation transactions,
sales-purchases made 89.1%, donations – 10.4% and exchanges – 0.5%.
34.3% of the alienation transactions were registered in Yerevan. In the
indicated period, the number of alienation transactions declined 7.3%
compared with February, 2004, and increased 14.5% against January,
2005. 68.1% of real estate sale-purchase transactions in Yerevan
in February were those on apartments of tenement houses. The number
of sale-purchase transactions on tenement house apartments declined
27.6% compared with February, 2004, and increased 10.3% compared with
January, 2005. The price index studies show that the growth rate of
the average market price of 1 sq. meter of tenement house apartments
made 2.1% in Yerevan in February. The minimum and maximum prices of
1 sq. meter of tenement house apartments made in the communities:
Kentron – $350-970, Arabkir – $250-560, Kanaker-Zeytun – $130-330,
Nor Nork – $115-300, Avan – $120-300, Erebuni – $120-300, Shengavit –
$120-350, Davtashen – $130-350, Ajapniak – $120-350, Malatia-Sebastia –
$120-300, Nubarashen – $80-200.