The construction of Hyatt hotel in Jermuk, Armenia, will be completed in fall 2014. The hotel will include 80 rooms, spa-center, water treatment facilities, restaurants, swimming pools, gyms. In line with preliminary estimates, US$ 15 million are expected to be invested for the construction which began in 2009. The author of this project is current head of the State Committee for Architecture at Government Narek Sargsyan. Jermuk City Municipality building is planned to be built next to new hotel.

This week in Armenian city Dilijan will start the construction of new social housing project, told the director of the National Association of Social Housing Ara Nazinyan. In September last year Dilijan City Hall and the NASH signed a contract about the program. The new project with total area of 1.1 hectares will be built in the west of Dilijan with completion in several phases in 2013-14. The new social block will include nine 2-story new developments and reconstructed one 4-story building. The project loan provided by the Dutch DIGH company. Note, that in 2011 during his visit to Netherlands, Chairman of the Trustee Council of the National Social Housing Association, Secretary of the RA National Security Council Arthur Baghdasaryan and Chairman of Dutch International Guarantees For Housing Eric Berzhen signed an agreement which will provide new opportunities for social housing development in Armenia. According to this contract, 3 million Euros will be provided to Armenia to solve low and middle income family housing problems, at the first phase of cooperation. The National Association of Social Housing intended to build social housing also in Ashtarak and Hrazdan. First social houses in Armenia were built by the government in Yerevan, Goris and Maralik. For example in Maralik the government built 3 buildings and now in 59 apartments live orphanage graduates, invalids and single old peoples. 2008 economic crisis especially hit the real estate market. The construction of new buildings becomes less profitable even in well developed countries due to low demand. After this many countries began to build social houses. Today, for example, half of residents in Hong-Kong, 25 percent in USA live in social houses.

On January 30 during the "2nd Annual Emerging Airports Conference and Exhibition" held in Dubai the results of votes for over 20 nominations were announced. As reported the "Zvartnots International Airport's" official website, the nominations were different: "Best Emerging Airport of the World", "Best Emerging Airport of Middle East", Best Emerging Airport Europe", etc. According to the results for the nomination "Best Emerging Airport of Russia, CIS & Baltic States" Yerevan "Zvartnots International Airport" is the best in CIS. The new terminal of "Zvartnots" airport put into operation on September 16, in the framework of events dated to the 20th anniversary of Armenia's independence. Zvartnots International Airport also was nominated by the company Arabian Reach, Dubai for "EMAA" (Emerging Markets Airports Award). Besides "Zvartnots" four airports of CIS countries, namely: "Domodedovo" and "Sheremetevo" airports of Moscow, "Pulkovo" airport of St. Petersburg, "Manas" airport of Bishkek were nominated, as well. Voting lasted for more than a month. During the award ceremony the award was received by the General Manager of "Armenia International Airports" CJSC Marcelo Wende.

Turkey's Environment and Urban Planning Minister Erdogan Bayraktar gave details with respect to the country's real estate that were sold to foreigners, reported News.am recalling to Milliyet daily of Turkey. Also, the minister made an interesting announcement, and informed that Turkish real estate was sold to two citizens of Armenia, as well. To note, that it became possible only after a new democratic law, which was accepted in May last year. Last law not only forbade foreigners to buy property in Turkey, but also limits the possibility of its own citizens.

The total 2012 income of Tashir Group will amount US$ 2.9 billion, told company vice-president Vitaly Efimkin during press conference. Last year "Tashir Group" built 11 properties, especially retail development, 7 of which under the brand "Rio". The whole property floor area put in commission was 840 thousand square meters. Particularly, this year company built 370 thousand square meters retail, 415 thousand square meters residential, 20 thousand square meters hotel and 35 thousand square meters office space. During press conference Vitaly Efimkin also added, that in 2013 company is planning to build 13 cinemas under the brand "Cinema Star", also during next 3-4 year to invest 1.5 billion rubles in construction of 50 multi-fuel filling stations. Recall that on October 20, 2012, took place the grand opening of shopping center Dalma Garden Mall in Yerevan, built by Dalma Invest - Development Company affiliated by Tashir Group. Earlier also was reported, that in 2012 Samvel Karapetyan's Tashir Group may invest US$ 50 million in the construction of shopping malls and exhibition centers in Sochi sea passenger port.