Head of Central Bank does not perceive any additional risks in Armenia's real estate market

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16.09.2025, 16:29

According to Martin Galstyan, the head of the Central Bank of Armenia, the current state of the real estate market indicates that any decline in prices, if it occurs, is quite limited.

Head of Central Bank does not perceive any additional risks in Armenia's real estate market

YEREVAN, September 16. /ARКА/. According to Martin Galstyan, the head of the Central Bank of Armenia, the current state of the real estate market indicates that any decline in prices, if it occurs, is quite limited.

"The Central Bank's financial stability reports have mentioned the possible risk of price declines. However, at this time, we do not identify any additional risks, even with a noticeable rise in economic activity in Armenia," Galstyan stated during a press conference on Tuesday.

Regarding the forecast for supply and demand imbalance over the next two years, Galstyan recommended patience.

"We will observe the developments, as the real estate market is influenced by various factors that are challenging to predict at this moment," the head of the regulatory body emphasized.

As reported by Armstat, in July 2025, there were nearly 21,138 transactions in Armenia's real estate market, compared to 21,584 transactions in July 2024 and 20,587 transactions in June 2025.

The highest number of transactions during the reporting month occurred in Yerevan, totaling 6,249 (29.6% of the overall transactions). The predominant type of transaction was the alienation of real estate, accounting for 7,684 transactions or 36.4% of the total.-0-

#REAL ESTATE MARKET

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