Tag: real estate

Despite uncertainty stemming from security concerns, Armenia’s real estate market continues to experience growth with record-breaking transactions, and excessive prices, especially in the rental market.

Economist Suren Parsyan writes that due to the pandemic and the post-war situation, Armenia is witnessing a decline in purchasing power, a phenomenon that is having an impact on the real estate market.

Armenia’s parliament recently passed the “Law on the Confiscation of Illegally-Acquired Assets.” It is portrayed as a major anti-corruption measure and according to authorities is aimed at former and current officials.

Are you interested in purchasing a home in Yerevan? If so, Harout Manougian offers some invaluable information and advice and more importantly, tips on how to avoid the inevitable pitfalls in an unregulated real estate market.