YEREVAN. – Because of the escalating tension with respect to Syria and Iran, those countries’ Armenians have begun showing interest toward Armenia, and they acquire real estate, if possible, Akcern Real Estate Company President Hakob Baghdasaryan said during a press conference on Tuesday.

As per Baghdasaryan, 10-15 percent of Armenia’s current realty purchases are carried out by these Armenians, and the latter primarily prefer the capital Yerevan.   

In his turn, chairman Gagik Makaryan of the Republic Union of Employers of Armenia said that, in case of force majeure events or circumstances, coming to Armenia is more convenient for the residents of Iran because of the easy access and the lower real estate prices, in comparison with Europe. And as a result of stricter emigration policies in European countries, the Syrian Armenians could primarily prefer coming to Armenia, too.     

Gagik Makaryan also predicted that the realty prices in Yerevan would go down in the coming months, in connection with the elections, since the country’s business activity reduces during the election processes.