In Nov, 2004 Apartments in Yerevan Rose in Prices by 30.5%

YEREVAN, DECEMBER 27. ARMINFO. In Nov of 2004 the average price of 1
sq/m of dwelling in Yerevan was $253.8, which is by 30.5% higher than
in the same period of 2003, and in Nov as against Oct 2004 it
increased by 2.4%.

The press-service of the State Committee of Real Estate Register
informed ARMINFO that, in the Center community the average price of 1
sq/m of apartments was $497.8, $401.5 in the Arabkir district, $242.8
in Kanaker-Zeytun, $216 in Nor-Nork, $204.5 in Avan, $195.8 in
Erebuni, $234.5 in Shengavit, $249.7 in Davidashen, $228 in Achapnyak,
$226.9 in Malatia-Sebastia, $93.8 in Nubarashen.

116 bargains on purchase and sale of private houses were registered in
Yerevan in Nov, 2004. One sq/m of premises in private houses in
Yerevan decreased by 10.8% in Nov 2004 as against the same period of
2003. The average price for one square meter of dwelling area in
private houses in Yerevan increased by 27%, including in the Center
community - $500, in the Arabkir district - $403.4, $244.8 in
Kanaker-Zeytun, $347.9 in Nork-Marash, $205.9 in Avan, $197.8 in
Erebuni, $237 in Shengavit, $251.3 in Davidashen, $230.9 in Achapnyak,
$228.9 in Malatia-Sebastia, $95 in Nubarashen.