MANUK HERGNYAN: ARMENIAN REAL ESTATE MARKET HAS GREAT POTENTIAL FOR DEVELOPMENT

/PanARMENIAN.Net/
11.02.2010 16:22 GMT+04:00

/PanARMENIAN.Net/ For the development of the real estate market Armenia
has a huge potential, the chairman of the Economy and Values Research
Center of Manuk Hergnyan said.

In his opinion, if 2010 does not bring recovery in the real estate
market, then in 2011-2012 tangible revival can be seen.

In particular, the demand is now stimulated by the increasing supply
of mortgage loans. "This supply can lag behind the demand," he said.

According to Hergnyan, there are no alternative investment assets in
Armenia, neither a developed stock market, and investment should flow
into some area, so they automatically flow into the mortgage market.

"That is why the real estate sphere in Armenia undergoes the greatest
development," he concluded.

From: Emil Lazarian | Ararat NewsPress