Armenian Real Estate Price Fall

In February 2012, compared with January, the number of transactions for alienation of real estate in Armenia decreased by 20.1% from January 2011 - by 14.8%. This is according to the State Committee of the Real Estate Cadastre of Armenia.

In February 2012 78.2% of the 3015 transactions were in the form of sales of real estate in Armenia, 21.1% donation and  0.7%  - exchange. In particular, the number of real estate transactions in Armenia reduced .

The Average cost of 1 sq.m of real estate in Yerevan in February 2012 amounted to 250.1thousand AMD (excluding Nork Marash), compared with 260 thousand drams in 2011,most expensive housing costs in the administrative areas of "Kentron" - 400 000 drams(February 2011 - 442.8 thousand), and Arabkir - 334 thousand (in February 2011 - 356.1thousand), the cheapest in the Malatia-Sebastia - 219.8 million (in February 2011 - 221thousand) and Nubarashen - 140 thousand (in February 2011 - 149 thousand). ($ 1 - 393drams).