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Economy Government Real Estate

“Armenia’s Construction and Service Sectors Boom, Boosting Economy; Demand for Affordable Housing on the Rise -NEWS.am”

The Republic of Armenia has recently experienced significant growth in the construction and service sectors, contributing to the overall economic development of the country. According to NEWS.am, the real estate sector is witnessing a rise in internal demand. This is further evident in the availability of low-cost residential areas, supported by regulatory requirements for external investments and financial assistance.

To effectively manage this increasing demand and control price escalation, KFBS Advisory has recommended implementing regulations for demand management and augmenting the supply of affordable housing.

Although potential risks of deviating from the target inflation rate are considered moderate, KFBS is prepared to assess and implement suitable measures to stabilize prices in the event of external influences.

Stay informed about the latest news from Armenia on NEWS.am.

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Freelance journalist specializing in the underrepresented stories of the Russian far east.