Editing Economy of Armenia (section)

===Construction sector===
Real estate transactions count grew by 36% in September 2019 compared to September 2018. Also, the average market value of one square meter of housing in apartment buildings in Yerevan in September 2019 grew by 10.8% from September 2018.<ref>{{Cite web|url=http://arka.am/en/news/business/some_15_572_real_estate_transactions_effected_in_armenia_in_2019_september_by_36_1_more_than_in_sept/|title=Some 15,572 real estate transactions effected in Armenia in 2019 September, by 36.1% more than in September 2018|website=arka.am|access-date=2019-11-05|archive-date=2019-11-05|archive-url=https://web.archive.org/web/20191105184414/http://arka.am/en/news/business/some_15_572_real_estate_transactions_effected_in_armenia_in_2019_september_by_36_1_more_than_in_sept/|url-status=live}}</ref>

In 2017, construction output increased by 2.2% reaching 416 billion AMD.<ref name="Armstat-2018.01.25-en">{{cite web|url=http://www.armstat.am/file/doc/99506853.pdf |archive-url=https://ghostarchive.org/archive/20221009/http://www.armstat.am/file/doc/99506853.pdf |archive-date=2022-10-09 |url-status=live|title=Preliminary Main Macro-Economic Indicators of Armenian Economy in 2017 by Armstat|access-date=28 February 2018}}</ref>

Armenia experienced a construction boom during the latter part of the 2000s.  According to the National Statistical Service, Armenia's booming construction sector generated about 20 percent of Armenia's GDP during the first eight months of 2007.<ref name="ArmeniaLib-Sept-20-2007">[http://www.armenialiberty.org/armeniareport/report/en/2007/09/ac00c04d-a570-479a-8d0c-9554e4acb7b6.asp "Armenian Growth Still In Double Digits"], Armenia Liberty ([[RFE/RL]]), September 20, 2007.</ref> According to a World Bank official, 30 percent of Armenia's economy in 2009 came from the construction sector.<ref name="ArmLib-Nov-27-2009" />

However, during the January to September 2010 period, the sector experienced a 5.2 percent year-on-year decrease, which according to the [[Civilitas Foundation]] is an indication of the unsustainability of a sector based on an elite market, with few products for the median or low budgets.<ref name="Armenia_in_2010">{{Armenia in 2010. A Year of Uncertainty}}</ref> This decrease comes despite the fact that an important component of the government stimulus package was to support the completion of ongoing construction projects.<ref name="Armenia_in_2010"/>