FLATS IN YEREVAN ROSE IN PRICE 37.8% IN MARCH 2005

YEREVAN, APRIL 23. ARMINFO. In March 2005 the average price for a sq.m
of flats in Yerevan totaled $290.2, which is 37.8% higher than the
indicator for march 2004 and by 6.7% higher than in indicator for Feb
2005.

The State Realty Register Committee for Armenia informs ARMINFO that
the average price for 1 sq/m of apartments totaled $580 in the
community Center, , in the communities of Arabkir – $450.5,
Kanaker-Zeytun – $275.5, Nor Nork $290, Avan $240, Erebuni $220,
Shengavit – $269, Davidashen – $290, Achapnyan – $259, malatia
Sebastia $256, Nubarashen $103.5.

In parch 2005, 95 transactions of purchase-and-sale of private houses
were effected. This indicator in March 2004 decreased 25.2% and as
compared to Feb 2005 it grew 11.8%. The average price for 1 sq/m of
living space at private houses in Yerevan grew 34.1% in the year, and
6.8% in Mar as against Feb. As for March 2005, 1 sq/m of living space
at private houses in Yerevan totaled $303.9 in average, including in
the communities of Center – $588, Arabkir – $455m Kanaker-Zeytun –
$278, Nor Marash $375.9, Avan $243, Erebuni $223, Shengavit – $274.5,
Davidashen – $293, Achapnyan – $263, Malatia Sebastia $259, Nubarashen
$106.5.