APARTMENT PRICES DOWN IN YEREVAN

news.am
Nov 2 2009
Armenia

A 10% fall in average apartment prices was registered in Yerevan
this January-September against the corresponding period last year –
down to 266,300 AMD for 1 sq. meter.

The biggest fall was registered in Yerevan’s communities of Achapnyak,
Malatia-Sebastia and Nor-Nork.

The Business-24 website reports a fall of 12% and more in apartment
prices in Arabkir, Avan and Shengavit.

A 9.52% fall in apartment prices was registered in the Kanaker-Zeitun
community, a 9.67% fall in Davidashen.

A relatively slight fall was registered in the Erebuni, Nubarashen
and Kentron communities. In the last case, the average apartment
price fell by 1.35% down to 473,300 AMD for 1 sq. meter.