Thursday, January 25 2024 21:41

ArmInfo. The average market price of apartments in the regions of Armenia in 2023 increased by  13.4%, amounting to 130.8 thousand AMD/1 sq.m.

According to cadastral data, the highest prices for apartments in the  regions are traditionally held in the resort town of Tsaghkadzor -  412.2 thousand AMD/1 sq.m. on average, withy-o-y growth of 11.2%.  This is followed by Abovyan, where the price of an apartment is  recorded at 260.7 thousand AMD/1 sq.m., with a y-o-y increase of  5.7%. And the TOP-3 is closed by the city of Vagharshapat, where the  cost of a square meter of an apartment is 237.2 thousand AMD, with a  y-o-y increase of 10.5%.  The lowest prices were recorded in the  Tumanyan community (Lori region) - 25.2 thousand AMD/1 sq.m. (with a  y-o-y growth of 7%). Slightly higher prices for apartments were  recorded: in Chambarak (Gegharkunik region) - 45 thousand AMD/1 sq.m.  (with a y-o-y growth of 10.6%), and Akhtala (Lori region) - 46  thousand AMD/1 sq.m. (with a y-o-y growth of 6.5%).  At the same  time, the number of transactions for the purchase and sale of  apartments in the regions of the country over the year decreased by  8.4%, amounting to 5,147.  Traditionally, the lion's share in the  regions fell on land transactions:  60% or 21,902 transactions, with  a y-o-y growth of 2.3%. In total, 12,713.73 hectares of land were  sold and purchased, of which 88.8% were of agricultural ones.

land transactions are followed by transactions for the purchase and  sale of private houses - 6,435 (a y-o-y increase of 12.9%), garages -  1,486 (a y-o-y increase of 60.6%), public buildings - 1,130 (a y-o-y  increase of 3.1% ), and industrial buildings - 446 (a y-o-y decline  of 0.4%).

Rental transactions in the regions of Armenia over the year increased  by 7.7% - to 5042.  In total, 219,628 real estate transactions were  completed in Armenia in 2023, which exceeded the year-ago figure by  7.2%.