Armenia Real Estate Market by Property, and Business: Opportunity Analysis and Industry Forecast, 2019-2026

Executive Summary

According to this report titled, 'Armenia Real Estate Market by Property and Business: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the Armenia real estate market was valued at $880.4 million in 2018 and is projected to reach $1,249.3 million by 2026, growing at a CAGR of 4.3%. The sales segment accounted for more than half of the market share in 2018 and is expected to witness a CAGR of 4.0% during the forecast period.

Real estate means land as well as any physical structure affixed to the land such as houses, buildings, and landscaping. Rise in the economy of Armenia and an increased focus of the government to diversify the economy help boost the growth of the real estate market in Armenia. Further, the availability of affordable interest rates on mortgage loans is helping families in the country to afford houses. However, high poverty and unemployment restrict market growth.

There is growth in the number of property transactions in Armenia. Also, there is a law in Armenia, which states to return the income tax to residents who will re-pay the mortgage loan. In addition, mortgage interest rates in Armenia is one of the lowest in neighboring countries such as Russia and Belarus. However, the high dependence of the Armenian economy on the Russian economy restrains the growth of the market. For example, the western economic sanctions and decreased prices of oil affected the Russian economy due to which Armenia also suffered collateral economic.

By property type, the land segment is expected to account for the largest share in the market during the forecast period, due to high volume of land-related transactions and its higher value. The land segment is expected to grow at a CAGR of 3.7% during the forecast period.

Depending on business type, sales are expected to hold a maximum market share and the rental segment is expected to grow at a higher CAGR of 4.9% during the forecast period.

The major players in the Armenia real estate market include AdaTech LLC, “Akcern” Real Estate Corporation, BARS Real Estate Company, “CHARAGAYT” Construction Company, Comfy LLC, Elite Group, MLL Industries, LLC, Renshin LLC, Roxwell LLC, and Step Investment Group.

According to Rohit Sawant, Lead Analyst, Construction and Manufacturing, “By property, the industrial segment is expected to experience growth in the future due to expansion of the industrial sector. In addition, the rise in investments in the construction industry is expected to drive the Armenia real estate market. A number of players are expanding their business around the globe, owing to an increased customer base, enhanced effective operations, developed product portfolios, and expanded geographical reach. This is anticipated ultimately fuel the demand for real estates in Armenia.”

KEY FINDINGS OF THE STUDY

• The report provides an extensive analysis of the current and emerging Armenia real estate market trends and dynamics.
• Depending on the property, the land segment dominated the Armenia real estate market, in terms of revenue in 2018 and the industrial segment is projected to grow at a CAGR 5.8% during the forecast period.
• By business, the sales segment led the Armenia real estate market in 2018.
• Key market players within the Armenia real estate market are profiled in this report, and their strategies are analyzed thoroughly, which helps to understand the competitive outlook of the Armenia real estate industry.
• The report provides an extensive analysis of the Armenia real estate market trends and emerging opportunities.
• In-depth Armenia real estate market analysis is conducted by constructing estimations for key segments between 2018 and 2026.
• The Armenia real estate market forecast analysis from 2019 to 2026 is included in the report.

Companies Mentioned

• AdaTech LLC
• Akcern Real Estate Corporation
• BARS Real Estate Company
• CHARAGAYT Construction Company
• Comfy LLC
• Elite Group
• MLL Industries LLC
• Renshin LLC
• Roxwell LLC
• Step Investment Group

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.