AVERAGE MARKET PRICE FOR FLATS UP IN YEREVAN IN 2007

ARKA
March 14, 2008

YEREVAN, March 14. /ARKA/. The average market price for 1sq, meter
of dwelling space in residential buildings in Yerevan reached 257,
100 AMD in 2007 against 196,700 in 2006.

The annual report of the RA Real Estate Register says that the highest
prices for flats were recorded in the Center community of Yerevan –
448,300 AMD, and the lowest in the Nubarashen community – 125,900 AMD.

In the Arabkir community the price reached 360,300 AMD, in the
Karaker-Zeitun community 266,600 AMD, and in the Nor-Nork community
229,300 AMD.

In the Avan community, 1sq. meter of dwelling space cost 220,500 AMD,
in the Erebuni community 227,300 AMD, in the Shengavit community
241,700 AMD, in the Davidashen community 250,100 AMD, in Achapnyak
234,600 AMD, in Malatia-Sebastia 223,400 AMD. ($1 – 309.08 AMD).