14:20 . 12/06
The prices of a square meter of flats, houses and land plots have decreased in Armenia as against the same period of the past year: the analysis of the first quarter indicators of the immovable property market show this.
If in 2011 the houses cost 276,000 AMD per sq/m on average, at the end of the year this indicator has decreased though not significantly, totaling 274,000AMD.
The greatest decrease of prices is recorded in Erebuni administrative district in Yerevan, where the average price per sq/m made up 276,000 AMD. During this period when prices were decreasing throughout the country, the price per sq/m for houses in Nork Marash administrative district reached 303, 600 increasing by 26, 500 AMD on average. It is noteworthy, that this community and a number of other communities are distinguished with the great number of elite buildings.