Average real estate prices drop by 1,4% in March

YEREVAN, MAY 3, ARMENPRESS. 13833 real estate transactions were made in Armenia in March. The quantity of the transactions has increased by 13% compared to February, the state committee of real estate cadastre told ARMENPRESS.

71,9% of the total 3979 alienation transactions were purchase/sale, 27,8% were donations and 0,3% were exchanges.

38.9% of the alienation transactions were made in Yerevan.

66,4% of purchase/sale transactions in Yerevan were made for flats in apartment blocks.

As compared to February, purchase and sale transactions for real estate in multi-apartment bloks increased by 39,6% in Yerevan.

The average prices for 1 sq.m. in apartment blocks in Yerevan decreased by 1,4% compared to February. In downtown of the city, 1 sq.m is evaluated an average of 428250 AMD in apartment blocks.

Below is a chart for average prices per 1 sq.m. for real estate in apartment blocks.

Administrative districts	Average prices (AMD)
	March 2016	March 2017	February 2017
Kentron (downtown)	428000	428250	428250
Arabkir	357000	357000	357450
Kanaker-Zeytun	283000	276000	280500
Nor Nork	253950	249000	254300
Avan	261500	256500	261000
Erebuni	252300	245450	249600
Shengavit	257600	250200	256300
Davitashen	276550	265350	277000
Ajapnyak	250850	247100	249850
Malatia-Sebastia	243950	238000	242500
Nubarashen	157200	157700	157700

12,4% more apartments were sold in provinces during March as compared to February.