As reported by the National Statistical Service of Armenia, the total volume of construction output in 2011 compared with the previous year has dropped by 11.5 percent and amounted 480 billion AMD ($1.25 billion). The primary reason for the drop is the reduction of construction works financed by international organizations, companies and private sector. At the same time volume of construction output financed by the State, the Local Governments (Communities), and the Armenian Apostolic Church has increased. The companies' construction spending account for nearly 45 percent of all construction output, but there was 13.5 percent drop compared to 2010. The second largest investor in the construction industry is the State Government with 15.2 percent increase. But the largest growth is recorded in Local Governments construction spending multiplied 5.9 times compared to 2010. All international donors have considerably reduced their construction financing in 2011, except German Development Bank (KfW) with sector investment increase 2.2 times. The Armenian Apostolic Church construction investment has increased by 13.8 percent, but the private sector construction activities have considerably dropped by nearly 30.5 percent.

According to news.am, in Armenia in the third quarter of this year were registered 3427 real estate transactions, 2.9 percent lower compared to the same period of last year. It should be noted, that 2403 or 68 percent of transactions were registered in the capital. In September the average price for 1 square meter in Yerevan was 256.5 thousand AMD or US$ 670 - 5.1 percent lower compared to the same period of last year. In Center district an average price for 1 square meter is 1.7 times higher than the average urban rate. The price for 1 square meter in down town is 436.2 thousand AMD or US$ 1172. The second "high price" district is Arabkir, where average price for 1 square meter is 337.9 thousand AMD or US$ 908. More affordable housing is available in such districts, as Avan, where the average apartment prices are 2 percent lower compared to the average urban rate. In Nor Nork and Ajapnyak districts average apartment prices are 13 percent lower than average capital rate. The lowest apartment prices are registered in Nubarashen district.

According to the report issued by State Committee of Real Estate Cadastre of the Republic of Armenia, compared to the last month real estate market of Yerevan get activated. In June 2011 in Yerevan were carried out 4.260 thousand real estate transactions. Compared to the previous month this index increased by 4,8 and compared to the same month last year by 6,8 percent. In contrast to that increase real estate average prices in the capital dropped by 9 percent (June 2010-$US755/ June 2011- $US685). On annual basis real estate prices significantly dropped, but the purchase considerably activated. At a stable economic growth, this fact may lead to a gradual increase in property prices. But today, as prices continue to go down and there is no attractiveness for profitable real estate investment, Yerevan property prices reach the non-speculative equilibrium state. It should be noted, that on an annual basis the largest decline in prices was observed in Arabkir- by 13.5 percent ($US1053/$US912), but the prices in the cheapest district of Yerevan, Nubarashen have even grew up by 0.3 percent ($US394/$US397).

According to the report issued by State Committee of Real Estate Cadastre of the Republic of Armenia, real estate market of Armenia activated, real estate transactions increased, but property prices dropped. In May 2011 in Armenia were carried out 16.643 thousand real estate transactions. Compared to the previous month this index increased by 2 percent and compared to the same month last year by 23.1 percent. According to report on the first place is Yerevan with 32.3 percent transactions, the second is Kotayk with 15 percent, and the third is Lori with 8.2 percent. As reported by research, in May 2011 were carried out 4.065 thousand alienation transactions, 79.6 percent of which were sale transactions, 19.5 percent were donations and 1 percent was exchange. Compared to the previous month the index of alienation transactions increased by 1.5 and compared to the same month last year by 21.7 percent. As noted in report, in May 2011 in Yerevan 66.2 percent of sales transactions were recorded in residential buildings. This index compared to the previous month dropped by 3.9 percent, and increased by 30.4 percent compared to the same month last year. The report also contains the property average prices both in administrative regions of Yerevan and in the other cities of Armenia. In Yerevan the highest prices were in Kentron - 1 square meter costs US$ 1,170 , on the second place was Arabkir - US$ 900 for 1 square meter, and the third place took Qanaqer-Zeytun with US$ 710 respectively. In the capital the lowest price for houses was in Nubarashen - US$ 380 for 1 square meter. In May 2011 in regions were sold 315 apartments. Compared to the previous month this index increased by 1.3 percent, and compared to the same month last year by 14.4 percent. The most expensive property in regions was in cities Vagharshapat with average price US$ 435 for 1 square meter and in Abovyan - US$ 425. According to the report, in May 2011 were registered about 211 mortgage loans, 141 of them in the capital. Compared to the previous month this figure dropped by 2.3 percent, including the capital drop by 17.5 percent, and in the regions increase by 55,6 percent. Compared to the same month last year this figure increased by 37 percent, including 22.6 percent increase in Yerevan and 79.5 percent increase in regions. In region this great increase probably depends on government program "affordable housing for youth".

According to report released by National Statistical Service of Armenia, in the first quarter of this year residential construction increased by 198.4 percent over the same period last year. Overall residential construction spending was 14 655.7 million AMD ($39 million). Compared to the same period last year, residential construction work increased 3.1 times and amounted 5 996.2 million AMD ($16.1 million). Government expenditures on residential construction have not changed this year - 3 030.5 million AMD ($8.1 million). As reported, residential construction in the capital has increased 2.4 times compared with the same period last year and totaled 7 391.4 million AMD ($19.8 millon). The amount of work performed in Yerevan by the state budget hasn't changed- 95.6 million AMD ($256 thousand). Population housing expenditures have also increased by 82.6 percent and amounted 1 382.5 million AMD ($3.7 million). Note, that organizations mainly invested in Yerevan, as regions are less attractive for developers. Developers' investments in housing totaled 5 913.3 million AMD ($15.8 million) in Yerevan, while in regions investments made only in Tavush marz and amounted only 82.9 million AMD ($222.8 thousand). The second and the third places took Shirak and Lori regions - 1 854.3 million AMD ($4.9 million) and 1 547.8 million AMD ($4.1 million) respectively. Government residential construction spending in Shirak and Lori totaled 1 776.3 million AMD ($4.7 million) and 1 158.3 million AMD ($3.1 million) respectively. Compared to the same period last year these figures haven't changed. In the first quarter of this year about 59.304 thousand square meters of residential area was put in commission compared to 29.888 thousand square meters last year.