Expert predicts problems for Armenian real estate marketJanuary 27, 2012 - 12:35 AMT PanARMENIAN.Net - According to official data, the year 2011 saw growth in all sectors of economy, with the exception of construction industry, head of Alternative research center says. However, Tatul Manaseryan says that in 2012, regional trends, particularly, the situation with Iran, are likely to boost the field, due to possible business communities' inflow to Armenia and real estate purchase. At the same time, the expert presumes that the real estate market can face problems in a long-term perspective because of “oversaturation.” The construction volume decreased by 11,5% in 2011 as compared with 2010, amounting to AMD 480,8 bln, according to RA National Statistical Service. 16,3% growth was registered in December 2011 as against December 2010. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |