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Madrid

An increase in land prices is expected. "Fact"

"Fact" daily writes:

At the request of the RA government, the already announced auctions in the Abovyan enlarged community were canceled, because, according to the information we received, the government is required to re-evaluate the plots of land put up for auction and set the starting price according to the price scale assessed in the new order. This means that from now on, community lands will be auctioned at prices closer to the market, which will cause a significant increase in the prices of the plots on the market.

The prices of the plots of land in Arinj administrative district are being watched especially closely, as they have been in high demand in the market recently, and the starting price set for the auction was significantly lower than the prevailing market prices. Our government sources inform us that this model will be applied to auctions organized in other municipalities in the future.

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