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Armenian housing has become cheaper


Armenian housing has become cheaper

June 26, 2009

The cost of housing in Yerevan fell by 4.2% in May 2009, compared with April.

The price of a square meter in this segment has varied between 155.3-501.2 Armenian drams ($430-1400) and has averaged in Yerevan at the level of 302.4 thousand drams ($ 840).

43 private homes have been sold Armenian capital in May 2009, which is 63.2% less than during the same period last year, Novosti-Armenia reports, with reference to data provided by State Committee of the Real Estate Cadastre.

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