ROBERT KOCHARIAN: LAND ALLOCATION PROCESS SHOULD BE MADE MOST ACCESSIBLE

Noyan Tapan
Apr 04 2006

YEREVAN, APRIL 4, NOYAN TAPAN. Issues related to land auctions,
unauthorized buildings and the real estate market were discussed at
the April 4 meeting of the RA President Robert Kocharian and Manuk
Vardanian. R. Kocharian indicated that the land allocation process
should be made most accesssible, with great attention being paid
to a public and transparent holding of auctions. In this connection
the President underlined the necessity of reviewing the land zoning,
which, according to him, will help determine the real reserve prices
of lands at auctions. According to the RA President’s press service,
some options for solution of the problem of unauthorized contructions
that have not been legalized, as well as the issues related to lease
terms at the specially protected forest areas were also discussed
during the meeting. The sides spoke about the tendencies on the
mortgage and real estate market, according to which the number
of transactions concluded in the past two months has increased by
27% compared with the same period of last year. R. Kocharian gave
instructions concerning the issues discussed to the head of the State
Committee of the RA Real Estate Cadastre.