Real Estate Market in Armenia Expected to Reach $ 1,249.3 Million by 2026 – AMR Exclusive Research Report

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The increased attention to the diversification of the Armenian economy and the increase in the number of real estate transactions stimulate the growth of the real estate market in Armenia.

PORTLAND, OR USA, August 25, 2021 /EINPresswire.com/ – Real estate means earth, as well as any physical structure attached to the earth, such as houses, buildings, and landscaping. The growth of the Armenian economy and the increased attention of the government to diversification of the economy help to stimulate the growth of the real estate market in Armenia. In addition, affordable mortgage interest rates help families in the country buy homes. However, high poverty and unemployment limit the growth of the real estate market in Armenia.

Armenia’s real estate market was estimated at $ 880.4 million in 2018 and is projected to reach $ 1,249.3 million by 2026, with a CAGR of 4.3%.

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There is an increase in the number of real estate transactions in Armenia. Also in Armenia there is a law that states that income tax must be returned to residents who will repay the mortgage loan. In addition, mortgage interest rates in Armenia are among the lowest in neighboring countries such as Russia and Belarus. However, the high dependence of the Armenian economy on the Russian economy restrains the growth of the market. For example, the economic sanctions of the West and the decline in oil prices have affected the Russian economy, due to which Armenia has also suffered from collateral economic losses.

Top 10 leading players

LLC “AdaTech”
Akcern
BARS
CHARAGITE
OOO Komfi
Elite Group
MLL Industries, LLC
LLC “Renshin”
Roxwell LLC
Step Investment Group

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Key benefits for stakeholders:

The report provides an extensive analysis of current and developing trends and dynamics of the real estate market in Armenia. The report also provides the volume of the real estate market in Armenia from 2018 to 2026.

An in-depth analysis of the real estate market in Armenia is carried out by constructing estimates for key segments in the period from 2018 to 2026.

Extensive market analysis is carried out by tracking key product positioning and monitoring major competitors within the market.

A comprehensive analysis of the four main regions is provided to identify the prevailing opportunities.

Key segments

By property

Residential
Commercial
Industrial
Earth

Business

Sales
Rent

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David Correa
Allied Analytics LLP
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