Price stat for apartment (m2)
Center
$1348

Large Centre
$970

Arabkir
$880

Kanaker-Zeytoun
$604

Achapnyak
$636

Davitashen
$641

Nork-Marash
$490

Shengavit
$628

Charbakh
$565

1-6 Nork district
$631

7-9 Nork district
$492

Avan, Avan-Arindge
$762

Erebouni
$539

Malatia-Sebastia
$569

Regions
$367

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2012-04-20

The Decrease of Construction in Armenia

As compared with the previous year the overall number of output in the sphere of construction has dropped by 11,5 percent and amounted 480 billion AMD ($1,25 billion) – according to the report of National Statistical Service of Armenia.
The decrease of construction works financed by the international organization, private sectors and companies are the main reason for such a fall.

Simultaneously, the number of construction output financed by the State, The Government and the Armenian Apostolic Church has increased.

During a year nearly 45 percent of constructions were made by the companies, but this year this rate took 13,5 percent of fall. With 15,2 percent of increase is the State Government, the second largest investor in the construction output. But maximum growth of construction output is recorded by the Local Governments - 5.9 times compared to 2010.  The construction realized by the Local Government (nearly 30 billion drams) is equal to the sum sponsored by the international organizations (nearly 33 billion drams).

All international donors have significantly reduced their construction financing in 2011, except German Development Bank (KfW) with the sector investment increase 2.2 times.

The Armenian Apostolic Church construction investment has increased by 13.8 percent, but the private sector construction activities have considerably dropped by nearly 30.5 percent.

During 2011 the population realized construction of 77 billion drams.




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Price stat for apartment (m2)