Karabakh Real Estate

2012 Real Estate Prices

Apartment Prices Are Continually Growing

http://karabakh-open.info/en/societyen/2752-en565 Tuesday, 18 December 2012 14:26

As compared to the first 9 months of the previous year apartment prices have mainly grown in the same period of this year except to two regions of the Republic. By the data of the Real Estate Cadastre adjunct to the NKR Government during the first 9 months of 2012 there was performed state registration of rights on part of 1248 purchase and sale transactions in total; as compared to the same period of the previous year their number has increased by 16,3 %, state registration of rights of 244 and 150 purchase and sale transactions on part of apartment houses and dwelling houses respectively was performed.

According to the information of the Committee the prices on apartment houses have risen by 8.7 % in Stepanakert as compared to the first 9 months of the previous year; the average price per 1 square metre amounts to 250 thousand drams. The prices on dwelling houses rose by 1.7 %. The average price of an average house of 200 sqm with a personal plot of 1000 sqm is 29 500 000 drams.

In Shoushi the prices on apartment houses rose by 6.1 %, in Martouni by 4.1 %, in Askeran by 3.8 % whereas in Martakert and Hadrout these prices decreased by 1.2 % and 2.0 % respectively. Among the regions the most expensive houses are again in Shoushi where the price per 1 sqm forms 65 500 drams.

The prices on dwelling houses have remained unchanged in Stepanakert and Hadrout, they rose by 5% in Shoushi, 4.8% in Askeran and 2.6% in Martouni. The most expensive dwelling houses after Stepanakert are in Askeran where an average house of 200 sqm and a personal plot of 1000 sqm costs 4 400 000 drams.

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