28796 real estate transactions completed in Armenia in 2nd Q 2020

YEREVAN, August 20. /ARKA/. Some 28,796 real estate transactions were completed in in the second quarter of 2020, which is 38.5% less than in the same period last year, according to the report of the Cadastre Committee of Armenia.

During the reporting period, the largest number of transactions was registered in – 31.5% of the total, and the smallest – in Vayots Dzor province – 2.4%.

According to the report, 16.3% of the total number of transactions were registered in the Kotayk province, 9.3% in Ararat, 7.8% in Armavir, 6.8% in Lori, 6.6% in Aragatsotn, 6.4% in Gegharkunik, 4.4% in Shirak, 4.3% in Tavush and 4.2% in Syunik.

According to the Cadastre Committee, of the registered real estate transactions, 36% were real estate alienation transactions and 19.8% were transactions on the initial registration of real estate.

In addition, 14% of the total number of transactions registered in Armenia for the specified period were inheritance transactions, 15% were mortgage deals, 7.1% were real estate lease transactions, 8.1% were transactions on other state registrations. -0-

10:47 20.08.2020

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