REAL ESTATE EVALUATION PROCESS FINISHES IN ARMENIA
YEREVAN, DECEMBER 28, NOYAN TAPAN. The real estate evaluation process
has been fully completed in Armenia this year. The evaluation results
showed that Armenia is quite a rich country, the chairman of the State
Committee of the RA Real Estate Cadastre Manuk Vardanian stated at the
December 28 press conference. Accoridng to him, the committee has
received 2.5 billion drams (about 8.1 mln USD) for services provided in
2007.
M. Vardanian said that no property tax is paid for 65% of 891 thousand
buildings and structures (35% of them are Yerevan). In 2007, property
taxes of 6.1 bln drams and land taxes of 6.170 bln drams were collected.
This year a total of 152 thousand deals on real estate sale, rent and
other types of deals were signed against 126 thousand deals in 2006.
The rise in the number of deals made 39.8% in some marzes and 8% in
Yerevan. In 2007, 24,405 deals with the aim of purchasing apartments
with mortgage credits and business developing were conducted – against
13,656 deals in 2006.
According to M. Vardanian, lands of a total of 7,719 were sold this
year, including lands of agricultural importance of 7,300 ha. 6 bln 175
mln drams was received from the sale of lands. Lands of a total of 39
ha were sold in Yerevan this year.
The committee head said that the problem of unauthorized structures and
seized lands still remains unsolved. On the whole, there are 120
thousand unauthorized structures and 312 ha of seized lands in Armenia,
including 198 ha in Yerevan.
It was stated that 352 licensed organizations currently operate in the
system, including 202 realtor ones and 80 organizations on real estate
evaluation.