Real estate prices have been booming in Yerevan and most elsewhere. I feel that this can't continue forever and there may be a resulting crash, as a lot of the inflation is artificial, anyway.
The 2006 average market value of a square meter of an apartments in Yerevan has increased by 29% to AMD 196,700/$540. The average price per square meter in the central areas of Yerevan stood at AMD377,600/$1,035.Does anyone know what accounts for Nubarashen's growth?
The most growth was reported in Nubarashen, where an increase of 50.5% was seen.
Source: Yerevan.ru (translated)
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