NUMBER OF REAL ESTATE TRANSACTIONS DOWN TO 11,400 IN ARMENIA IN MAY

ARKA
June 26, 2009

YEREVAN, June 26. /ARKA/. Number of real estate transactions reduced
by 13.3% down to 11,400 in Armenia in May 2009 as compared with the
same period of last year.

As compared with April the number of real estate transactions grew
by 0.3% in May, says the report of Armenia’s State Committee for Real
Estate Cadastre.

The highest number of transactions was recorded in Yerevan in the
reporting month – 36.7% of the overall number with the lowest level
recorded in Vayots Dzor region – 1.3%.

12% of the overall number of deals was recorded in Ararat region in the
period, 11.6% in Kotayk region, 8.3% in Lori region, 6.1% in Shirak
region, 5.9% in Armavir region, 5.5% – in Gegharkunik region, 5.2%
in Aragatsotn region, 3.9% in Siunik region and 3.5% in Tavush region.

According to the report, 25.3% of the overall number of real
estate transactions was on property alienation, 18.5% – on primary
registration of real estate, 13.2% – on inheritance, 10.6% – on rent
and 9.4% on mortgage.

Privatization deals constituted only 0.1% of the overall number;
the remaining 22.9% were state registrations.