YEREVAN, MAY 14, NOYAN TAPAN. 35,085 real estate-related transactions were concluded in the first quarter of 2008: their number grew by 14.1% on the same period of 2007 and declined by 25.4% on the 4th quarter of 2007. According to data of the State Committee of the Real Estate Cadastre adjunct to the Armenian government, purchase-sales made up 84.2%, donations - 14.8%, and exchanges - 0.9% of the total number of alienation transactions (12,495). 30.9% of real estate alienation transactions were done in Yerevan. 32.2% of alienated real estate were apartments. The number of real estate alienation transaction declined by 3.3% in the 1st quarter of 2008 as compared with the same period of last year and by 29.8% as compared with the 4th quarter of 2007. In the 1st quarter, 61% of real estate sale-purchase transactions in Yerevan were transactions on sale-purchase of apartments. The number of transactions on sale-purchase of apartments in Yerevan declined by 14.9% in the 1st quarter of 2008 on the 1st quarter of 2007 and by 35.8% as compared with the 4th quarter of 2007. The average market prices of apartments sold in Yerevan grew by 2.5% per square meter as compared with the 4th quarter of 2007. In particular, the price of a square meter in Yerevan's Kentron community made about 472.4 thousand drams (about 1,523 USD), in Arabkir - 387.6 thousand drams, Kanaker-Zeytun - 298.2 thousand drams, in Nor Nork - 259 thousand drams, Avan - 259.4 thousand drams, Erebuni - 260 thousand drams, Shengavit - 269.2 thousand drams, Ajapniak - 264.5 thousand drams, Davitashen - 276.9 thousand drams, Malatia-Sebastia - 255.5 thousand drams, and in Nubarashen - 145.4 thousand drams. 1,253 apartments were sold in marzes (provinces), except Yerevan, in the first quarter of 2008, which is less by 12.3% as compared with the same period of 2007 and by 22.4% as compared with the 4th quarter of 2007. The average market prices of apartments in marzes grew by 6.4% in the 1st quarter of 2008 on the 4th quarter of 2007. In particular, the price of one square meter made (in thousand drams): in Ashtarak - 115.3, in Aparan - 31.4, Talin - 43.9, Artashat - 97.5, Masis - 123.5, Vedi - 80.4, Ararat - 63.9, Nor Hachn - 115.1, Byureghavan - 88.6, Yeghvard - 106.8, Hrazdan - 60.7, Tsakhkadzor - 136, Jermuk - 121.5, Dilijan - 82.5, and Ijevan - 113.1

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