Coronavirus (Covid-19) Impact On Armenia real estate Market 2018 : AdaTech LLC, "Akcern" Real Estate Corporation, BARS Real Estate Company

The Armenia real estate market was valued at $880.4 million in 2018, and is projected to reach $1,249.3 million in 2026, growing at a CAGR of 4.3%. Real estate is defined as a property which is made up of land and any physical structures on it such as buildings.

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The growth of the Armenia real estate market is driven by rise in economy and increased efforts by the government for the diversification of economy. The construction industry was one of the major contributors to the economy of Armenia, however, the mining and services industry has grown to be some of the major drivers of the Armenian economy. Furthermore, there is rise in property transactions in Armenia. Also, the government in Armenia returns the income tax to residents who re-pay mortgage loan, as per the law. In addition, many Armenians are repatriating and buying real estate. Such factors are expected to fuel the growth of the real estate market in Armenia.

However, high unemployment rate and poverty is a challenge for the growth of the real estate market in Armenia. The unemployment rate of Armenia is among the highest in the Commonwealth of Independent States (CIS) countries. On the contrary, increased focus of the government to help real estate is expected to provide lucrative opportunities for the growth of the market in the future.
The Armenia real estate market is segmented into property type and business type. By property type, the market is classified into residential, commercial, industrial, and land. The land segment is anticipated to dominate the Armenia real estate market throughout the study period. Depending on business type, the market is segregated into sales and rental.

COMPETITION ANALYSIS
The major market participants profiled in this report include AdaTech LLC, "Akcern" Real Estate Corporation, BARS Real Estate Company, "CHARAGAYT" Construction Company, Comfy LLC, Elite Group, MLL Industries, LLC, Renshin LLC, Roxwell LLC, and Step Investment Group.

KEY BENEFITS FOR STAKEHOLDERS
? The report provides an extensive analysis of the current and emerging Armenia real estate market trends and dynamics.
? In-depth Armenia real estate market analysis is conducted by constructing market estimations for the key market segments between 2018 and 2026.
? Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within theArmenia real estate market framework.
? A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
? The Armenia real estate market forecast analysis from 2019 to 2026 is included in the report.
? Key market players within Armenia real estate market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the Armenia real estateindustry.

ARMENIA REAL ESTATE MARKETSEGMENTS
BY PROPERTY
o Steel
o Residential
o Commercial
o Industrial
o Land

BY BUSINESS
o Sales
o Rental

KEY PLAYERS
o AdaTech LLC
o "Akcern" Real Estate Corporation
o BARS Real Estate Company
o "CHARAGAYT" Construction Company
o Comfy LLC
o Elite Group
o MLL Industries, LLC
o Renshin LLC
o Roxwell LLC
o Step Investment Group"

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