Investment Projects, Business Armenia Alpine Residential District | Page 8

REAL ESTATE TRANSACTIONS BY THE REGIONS OF RA AND YEREVAN, AUGUST 2017 Yerevan Aragatsotn Ararat Armavir Gegharquniq Lori Kotayk Shirak Syanik Vayoc dzor 5% 3% 6% 34% 14% 9% 7% 7% 7% In Jermuk (Vayots Dzor region), the cost of the 1 square meter of land is approximately 268 USD. Besides appropriate prices for acquiring land in Jermuk, there are a lot of other advantages of constructing houses there. Firstly, one of the most important advantages of the project is the environment and climate of Jermuk. 9% Most of the resorts and healing Spa centers are located there. Many people from Armenia and abroad are going there for taking healing procedures and to relax from daily routine. Besides being a resort and Spa center, Jermuk is considered as one of the top entertainment and recreation areas in Armenia. The second skiing track is located there, which means that in winter it is 7