Another Kick to Small and Medium-Sized Construction Enterprises

According to the amendments to the RA Law "On State Due" passed by the Parliament of Armenia at the end of 2010, the annual rate for the right to carry out construction works was raised four times (from 100 000 AMD to 400 000 AMD), and has... Read More

VAT in the private home construction and renovation market

We think these are just two main reasons which are enough to completely exclude the VAT from this market.
1. With the current lamentable condition of housing in Armenia (especially in Yerevan), where about 80% of the buildings are i... Read More

Are you going to buy a house or an apartment through mortgage lending?

The question, may be, doesn't need any comment. Just mention high interest rates of mortgage lending in Armenia (12%-18%). They are slightly lower than in Russia, for example, but much higher than in developed countries. The unpopularity of... Read More

Construction without legal contract

As we have already noted in the article on 20% VAT excluding, today almost the entire market of private home renovation, as well as the most part of home new construction is in shadow market; i.e. we build and renovate our houses, substanti... Read More

Construction and renovation in Armenia

If you are a civilized one, then, certainly, no! But don't give a negative answer, since it does not make you as such...
In the existing situation of almost complete shadow home construction and renovation, when companies have to con... Read More