REAL ESTATE MARKET OF REPUBLIC OF ARMENIA IN 2007
(Annual analysis)
PAGE: 4
| Name of region |
Auction sale of agricultural lands owned by state or community |
Sale of privately owned agricultural lands |
| Number of units |
Area (hectare) |
Resulted contract prices calculated by area of 1 hectare (thousand drams) |
Number of units |
Area (hectare) |
 Resulted market prices calculated by area of 1 hectare (thousand drams) |
| Minimum |
Maximum |
Average |
Minimum |
Maximum |
Average |
| Aragatsotn marz |
| Ashtarak |
505 |
1484.19 |
34.1 |
12381.8 |
448.2 |
522 |
524.90 |
362.2 |
6772.5 |
2657.5 |
| Aparan |
22 |
148.81 |
26.8 |
1036.3 |
265.2 |
49 |
39.16 |
90.6 |
767.6 |
367.7 |
| Talin |
84 |
489.93 |
33.9 |
756.0 |
77.4 |
141 |
325.34 |
90.6 |
758.5 |
385.5 |
| Tsaghkahovit |
|
|
|
|
|
23 |
34.87 |
77.0 |
948.2 |
171.4 |
| Ararat marz |
| Artashat |
186 |
258.85 |
29.8 |
2676.2 |
975.8 |
449 |
192.41 |
335.1 |
5418.0 |
1438.3 |
| Masis |
89 |
134.61 |
29.9 |
6212.5 |
489.3 |
232 |
128.41 |
181.1 |
6772.5 |
1831.9 |
| Vedi |
160 |
320.59 |
20.0 |
3057.6 |
608.8 |
400 |
235.18 |
203.8 |
4515.0 |
1231.1 |
| Armavir marz |
| Armavir |
167 |
688.06 |
12.3 |
2352.0 |
308.7 |
377 |
505.13 |
294.3 |
4063.5 |
913.2 |
| Baghramyan |
212 |
1640.09 |
20.3 |
802.5 |
138.1 |
283 |
2307.97 |
90.6 |
677.3 |
569.6 |
| Vagharshapat |
199 |
460.04 |
19.2 |
2464.0 |
317.6 |
728 |
434.37 |
443.7 |
9030.0 |
1554.2 |
| Gegharkunik marz |
| Gavar |
16 |
16.23 |
96.8 |
236.3 |
162.0 |
117 |
77.62 |
190.2 |
496.7 |
367.2 |
| Chambarak |
37 |
52.54 |
108.0 |
1450.0 |
370.9 |
38 |
31.10 |
45.3 |
541.8 |
150.2 |
| Martuni |
2 |
0.40 |
1155.0 |
2442.0 |
1798.5 |
19 |
4.02 |
45.3 |
1806.0 |
471.5 |
| Sevan |
34 |
181.30 |
104.3 |
3515.4 |
784.3 |
21 |
23.30 |
45.3 |
451.5 |
194.8 |
| Vardenis |
52 |
64.26 |
184.2 |
700.0 |
396.3 |
71 |
121.36 |
27.2 |
532.8 |
246.7 |
| Lori marz |
| Alaverdi |
73 |
75.81 |
210.0 |
3883.3 |
1117.4 |
305 |
136.26 |
163.0 |
2483.3 |
1066.1 |
| Gugark |
12 |
29.43 |
194.3 |
740.0 |
509.1 |
54 |
42.99 |
226.4 |
2709.0 |
934.5 |
| Spitak |
2 |
2.10 |
130.0 |
710.0 |
420.0 |
20 |
9.36 |
226.4 |
1490.0 |
514.4 |
| Stepanavan |
11 |
10.64 |
25.7 |
2112.0 |
953.0 |
68 |
189.97 |
90.6 |
2257.5 |
364.7 |
| Tashir |
1 |
2.60 |
740.0 |
740 |
740.0 |
76 |
88.29 |
45.3 |
451.5 |
205.0 |
| Kotayk marz |
| Abovyan |
368 |
477.80 |
11.8 |
5700.0 |
521.6 |
713 |
253.95 |
271.7 |
11287.5 |
3344.4 |
| Eghvard |
371 |
693.92 |
34.6 |
8010.0 |
433.6 |
848 |
553.99 |
172.1 |
11287.5 |
2360.2 |
| Hrazdan |
184 |
208.88 |
29.0 |
76923.1 |
593.4 |
158 |
191.57 |
113.2 |
2709.0 |
926.4 |
| Shirak marz |
| Akhuryan |
9 |
11.56 |
14.1 |
314.6 |
160.8 |
97 |
90.10 |
249.0 |
1693.1 |
449.3 |
| Amasia |
1 |
1.49 |
59.1 |
59.1 |
59.1 |
18 |
51.50 |
36.2 |
237.0 |
113.7 |
| Ani |
9 |
8.21 |
77.2 |
1736.2 |
291.8 |
68 |
99.53 |
108.7 |
361.2 |
239.1 |
| Ashotsk |
|
|
|
|
|
15 |
20.24 |
45.3 |
165.0 |
116.2 |
| Artik |
33 |
24.83 |
47.3 |
1741.2 |
271.1 |
16 |
13.30 |
63.4 |
1083.6 |
172.0 |
| Syunik marz |
| Goris |
1 |
0.50 |
760.0 |
760.0 |
760.0 |
38 |
54.09 |
90.6 |
673.3 |
340.2 |
| Kapan |
27 |
73.63 |
18.4 |
4800.0 |
857.4 |
13 |
11.78 |
54.3 |
841.6 |
225.9 |
| Meghri |
3 |
15.60 |
36.8 |
1000.0 |
734.2 |
82 |
40.70 |
181.1 |
1784.2 |
477.9 |
| Sisian |
10 |
5.85 |
260.0 |
792.0 |
515.8 |
46 |
72.69 |
45.3 |
631.2 |
227.8 |
| Vayots Dzor marz |
| Yeghegnadzor |
90 |
255.11 |
32.8 |
928.0 |
218.1 |
78 |
86.66 |
117.7 |
2524.8 |
1287.5 |
| Vayk |
63 |
200.78 |
19.6 |
587.9 |
162.5 |
23 |
23.14 |
54.3 |
1430.7 |
511.1 |
| Tavush marz |
| Berd |
10 |
71.93 |
217.1 |
750.0 |
459.0 |
114 |
66.86 |
45.3 |
841.6 |
353.5 |
| Ijevan |
54 |
20.93 |
120.0 |
5857.7 |
965.2 |
40 |
17.10 |
240.0 |
1683.2 |
809.8 |
| Noyemberyan |
8 |
4.11 |
217.7 |
2655.0 |
1031.9 |
196 |
98.72 |
45.3 |
3509.5 |
521.7 |
The big interval on price change of agricultural land is connected to where the land is situated and on the land type.
In the table below, results on analysis of contract and average market prices of residential encumber (homestead) lands (calculated by 1000.0 square meter area) are presented for the year of 2007. The data does not include information on court decision lands and lands of direct sale.
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