TURKS ARE INTERESTED IN REALTY
By Siranuysh Papyan
AZG DAILY
10-12-2009
Armenia – Turkey
Real estate workers say Turks are interested in the Armenian realty.
Have the Armenian real estate agencies already sold an apartment or
land to any Turk? According to the head of the Kentron real estate
agency Vahe Danielyan though they did not make such a deal but they got
a number of mails which are apparently sent by Turks. Vahe Danielyan
says that there was great number of mails on the eve of the signing
of the Armenian and Turkish protocols. Though the authors present
as Tom or use any other non-Turkish name, nevertheless the mails are
sent by Turks. "Turks are interested not in apartments but in factory
lands near Yerevan", says Vahe Danielyan noting that the authors of
the letters said they wanted to come to Armenia after October 11,
signing of the Armenian and Turkish protocols, to find an appropriate
version for them.
In answer to the question whether they will have the same feeling when
showing lands to Turks as they would have when showing to French or
English people, Danielyan said that from the point of business there
should be no difference.
The head though is afraid that the real estate market will activate
a little, but we have to think that if Turks open the border today
they may close it after six months and we will not have opportunities
to take our values back.
The head of the Cascade Realty agency Vardan Avagyan says by
legislation a foreigner does not have the right to buy land in
Armenia. "In other words, they have the right to buy realty but the
land on which it is, is not their property". Nevertheless, Vardan
Avagyan notes that by the opening of the Armenian and Turkish border,
the realty market will activate and adds that mainly shops, factories
will be sold which will cause much change.
Cascade Realty has not yet stipulated any deal with any Turk. And
the realtor Armen thinks the nationality does not matter as he is
already tired of the lack of deals.