Expert predicts problems for Armenian real estate marketJanuary 27, 2012 - 12:35 AMT PanARMENIAN.Net - According to official data, the year 2011 saw growth in all sectors of economy, with the exception of construction industry, head of Alternative research center says. However, Tatul Manaseryan says that in 2012, regional trends, particularly, the situation with Iran, are likely to boost the field, due to possible business communities' inflow to Armenia and real estate purchase. At the same time, the expert presumes that the real estate market can face problems in a long-term perspective because of “oversaturation.” The construction volume decreased by 11,5% in 2011 as compared with 2010, amounting to AMD 480,8 bln, according to RA National Statistical Service. 16,3% growth was registered in December 2011 as against December 2010. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Russia provides info about arrested Armenian ex-MP Russian law enforcement agencies have provided information about the arrest of Tigran Urikhanyan. Lemkin Institue slams Pashinyan's “cryptic engagement with Genocide denial” The Lemkin Institute is alarmed over Pashinyan’s statements “questioning Armenia's legal basis to pursue justice against Turkey”. 41 detained as antigovernment protests continue in Yerevan 41 people were detained in Yerevan as people demanding Pashinian’s resignation stage campaigns of civil disobedience. Armenia votes for UN resolution granting Palestine new rights The U.N. General Assembly voted by a wide margin on May 10 to grant new “rights and privileges” to Palestine. |