YEREVAN, MAY 15, NOYAN TAPAN. 1,447 transactions on purchase-sale of private residential houses were concluded in Armenia in the first quarter of 2008, including 321 transactions in Yerevan. The number of purchase-sales of private houses declined by 29.6% as compared with the 4th quarter of 2007, including a decline of 43.7% in Yerevan and a decline of 24.2% in all the marzes taken together. The number of transactions on purchase-sale of private houses grew by 0.2% as compared with the 1st quarter of 2007, including a growth of 21.1% in Yerevan and a decline of 4.5% in all the marzes taken together. According to data of the State Committee of the Real Estate Cadastre adjunct to the RA government, the average market ptices of private houses in Yerevan's communities grew by 3.8% in the 1st quarter of 2008 on the 4th quarter of 2007. The prices of a 250 sq.m. building with a 400 sq.m. personal plot made (per square meter): in Kentron community - 486 thousand drams (about 1,567 USD), in Arabkir - 396.4 thousand drams, in Kanaker-Zeytun - 307.4 thousand drams, in Nork-Marash - 265.8 thousand drams, in Avan - 267.1 thousand drams, and in Erebuni - 265.9 thousand drams. The average prices of private residential houses grew by 7% in the indicated period as compared with 4th quarter of 2007 and made (per square meter): Ashtarak - 118.9 thousand drams, Aparan - 34.5 thousand drams, Talin - 43.9 thousand drams, Artashat - 97.5 thousand drams, Dilijan - 86.9 thousand drams.

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