The prices in Yerevan are continuing to their decline since August. In October the average prices declined for 0.3% compared to September reaching 300 thousand dram per square per meter. Real estate prices declined the most in Erebuni district, i.e. by 2.97% during the month of October. Out of 11 districts in Yerevan only four districts showed sign of small growth and stabilization. Downtown prices showed only moderate signs 0.7% growth reaching 490 thousand drams per square meter. Nubarashen’s prices are still growing at the fastest growth rate and compared to October 2007 price per square for a dwelling grew 24.3%.
(To view current prices for existing real estate listings please visit
http://www.peak.am/)
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