This year, the prices of properties will depend more on supply and demand in the market than the exchange rate. This is what Head of the Macroeconomic Department of the Central Bank of Armenia Armen Nurbekyan told reporters today, adding that the Central Bank doesn’t see big risks in the mortgage loan market.

Nevertheless, Governor of the Central Bank Martin Galstyan viewed the assessment that incomes in the mortgage loan sector will grow at the same pace as in the past amid the economic decline as extremely optimistic.