Grant Thornton has conducted analysis of the real estate market in Armenia for already forth time.

“This independent, comprehensive and trusted study provides an insight on the structure of the real estate market, transactions and types of property and enables thorough understanding of the market developments and comparison of the latest trends with those from the previous years. In addition, this analysis allows you to form an understanding of the changes in the post-revolution real estate market on a monthly basis,” the company said in a statement.

In 2021, 63,194 (31.4%) of all real estate transactions took place in Yerevan, a 24% increase compared to 2020. A significant increase in the number of transactions was registered in Armavir marz: 41.7% growth compared to the previous year. Kotayk marz is the second by total number of transactions after Yerevan.

In 2021, 44.2% of purchase and sale transactions pertain to land and 29.6% to apartment buildings. Compared to 2020, the purchase and sale of apartments and houses increased by 31.3% and 17.5%, respectively.

The analysis of the real estate market in Armenia was conducted via Tableau* software, one of the best data visualization software in the world, the first partner of which in the region is Grant Thornton Armenia.

The full analysis is available in two languages in company’s website.