YEREVAN. – Recently there is much talk about a crisis in Armenia’s Real Estate Market. Armenian News-NEWS.am conducted a poll among real estate agencies about the condition of the market in 2012 and the changes that took place during the last month.

The Director of Viva Realty Agency Edward Harutyunyan mentioned that there are no falls compared to last month but the number of transactions did grow a little. There are no significant changes in the market. Currently only those people are lowering the prices of apartments who want to sell them quickly.

The Director of Bars Agency Marina Chatinyan informed that the demand for real estate decreased. The market is more or less active in the outskirts of Yerevan but in the center it is rather passive.

In Alpha Agency we were informed that offers are more than demand in the Armenian real estate market. The same situation is in Nagorno-Karabakh.