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Armenia’s real estate market is overloaded, the construction continues, the prices are paradoxically high and it is not ruled out that they will fall abruptly, head of Alternative Research Center, economist Tatul Manaseryan told a news conference in Yerevan, adding that under such conditions, the market should respond to the demand.

According to Manaseryan, many of the economic problems in our country are due to the lack of state marketing.

“But there are state institutions whose duty is to deal with such issues, in particular the Armenian Development Agency has an obligation to carry out such functions,” he said.

The economist also said that both export and import have decreased and the government has much to do in this area.

“Armenia is not attractive for investments, internal investments are not encouraged. There is no favorable environment for local businessmen to be more interested to use their capital in Armenia and there is outflow of capital,” Manaseryan concluded.