REAL ESTATE STILL IN DEMAND IN ARMENIA
PanARMENIAN.NET
09.09.2009 15:46 GMT+04:00
/PanARMENIAN.Net/ "Real estate is still in demand in Armenia,"
International Monetary Fund representative in Armenia, Ninke Omes
stated. "Lots of people in Armenia wish to have good accommodation,"
she stated.
At the same time, other spheres of economy also need developing,
as RA economy was too dependent on construction sphere.
According to Omes, real estate sector in rather unstable, with purchase
and sale depending on real estate price fluctuations.
RA economy has registered some tendencies towards restoration,
which is proved by July 2009’s moderate price growth for construction
works. In this context, Omes added that currently construction share
in GDP is fixed at 14,1%, while during the first 7 months of 2009 it
comprised 18,5%.
From: Emil Lazarian | Ararat NewsPress
