CONTRACTS ENCREASED IN ESTATE PROPERTY
Today Manuk Vardanyan the president of the real estate cadastre committee, that compared with the last year the amount of contracts increased in the real estate agencies. He said that the information spread in mass media that the contracts are decreased is not true, “It is normal and natural, that real estate market is more vulnerable than financial market,” he said.
According to him 1 billion 80 million drams were collected in the result of 155 thousands contracts, whereas 940 million were planned to. Compared with last years the number of contracts raised in 2006 by 24.5%.
As for the estate property prices and their increase, Vardanyan said that it is 38% in Yerevan in 2007 and 48.8% in regions.