To date, eight transactions of state registration of real estate rights have been carried out by Azerbaijani citizens in Armenia, and 82—by Turkish nationals, reports Sputnik Armenia.

In 2022, Azerbaijani nationals acquired two real estates in Armenia. This was reported to Sputnik Armenia by the Cadastre Committee of Armenia—and in response to a written request.

According to the information received, last year, Azerbaijani citizens acquired one apartment in Armenia’s capital Yerevan apartment and one house in Lori Province.

The Cadastre Committee added that Turkish nationals bought 11 real estates in Armenia in 2022: 11 apartments in Yerevan. Turkish citizens did not buy real estate in the provinces.

Also, Azerbaijani and Turkish citizens did not sell any real estate in Armenia during the past year.

The nationality of the citizens of those countries, however, is not specified in the response received from the Cadastre Committee.

According to the data published earlier by the Cadastre Committee, until 2022, six transactions of state registration of real estate rights were carried out by Azerbaijani citizens in Armenia, and 71—by Turkish nationals.

Accordingly, Turkish citizens had bought 54 apartments in Armenia, received two apartments as gifts, and exchanged one apartment. In addition, they had bought five houses, one garage, eight public properties, and 12 plots of land.

Six real estate acquisition transactions were carried out by Azerbaijani nationals.

Thus, up to now, Azerbaijani citizens have acquired eight, and Turkish nationals—82 immovable properties in Armenia.

Why have real estate prices increased in Armenia? The Cadastre Committee does not associate it with those who have moved to Armenia from Russia.

Turkish citizens had first bought real estate in Armenia in 2005, whereas Azerbaijani nationals—in 2012.