Tag Archives: construction boom

Armenian Housing Prices Drop after Long Surge

YEREVAN (RFE/RL)–Real estate prices in Armenia have fallen slightly in 2008 after skyrocketing for seven consecutive years and fuelling a construction boom that has been a key driving force behind the country’s robust economic growth. According to the State Real Property Cadastre, housing prices in the center of Yerevan, the most expensive residential area, have

Construction Becomes Largest Sector of Armenian Economy

YEREVAN (RFE/RL)–Construction has surpassed industry as the single largest sector of the Armenian economy after years of building boom that has been a key driving force behind the country’s double-digit economic growth. According to the latest macroeconomic data released by the National Statistical Service (NSS) on Friday, the total monetary value of construction work carried

Top