YEREVAN. – According to official data, the annual real estate purchase and sale transactions in Armenia have dropped by 30.6 percent, including 34.5 percent in capital city Yerevan, from January to March of the current year.
But against the backdrop of the apartments’ mass offers, less number of apartments is purchased in the country.
Such a sharp decline in demand should have led to price changes in the housing market. The official prices, however, are “a...