27/12/2014 10:29
Zhamanak: Real estate deals decline in Armenia in November-December
The number of deals has sharply declined in Armenia’s real estate market in November and December, ‘Zhamanak’ paper was informed yesterday by Edward Harutyunyan, director of Viva Realty agency.
He said that buyers have become passive, while banks stopped providing loans for that purpose. “Everyone awaits the end of the holidays so as to resume their transactions. The situation is ‘frozen’ at the moment,” the agency director said.