News - Hayk Konjoryan bought a single-family home at a price significantly cheaper than the market price.

Armen Ghazaryan Saro Bagdasaryan 2025-12-09 19:30:00 Haik Konjoryan bought a single-family house at a price significantly lower than the market price The detached house at 7/19, Arinj, Block B, Abovyan municipality, near the Embassy of Belarus in Armenia, belongs to Haik Konjoryan, the head of the National Assembly's Civil Contract faction, and his wife Shushan Alexanyan. Konjoryan acquired this house in July 2024. On May 29, 2025, in the 2024 property, income and expenditure declaration submitted to the Anti-Corruption Commission, Konjoryan and his wife stated that they acquired the residential house for 54 million drams. The house was purchased with a mortgage loan provided by HayEconomBank LLC. From HayEconomBank, Konjoryan and his wife obtained a loan of 48,238,000 drams. Probably the remaining 5.7 million drams was provided as a down payment. The residence is two-storey and also has a parking space. Haik Konjoryan purchased the house from Millon Mining LLC. This company belongs to Babken Hovakimyan. The director of another company owned by Hovakimyan, Millon Realty LLC, is Avet Konjoryan — Haik Konjoryan's brother. Judging by photos available online, Babken Hovakimyan and Haik Konjoryan appear to have a friendly relationship. To determine what the house is worth, we called Millon Mining LLC. An employee told us that the price per square meter of the living house is 420 thousand drams. The living area is 240 sq m, but when buying one only pays for the living area of 180 sq m. Doing the math shows that acquiring a house like Konjoryan's would cost 75,600,000 drams — 21,600,000 drams more than what is stated in Konjoryan's declaration. And how did it happen that Haik Konjoryan bought the house at a price significantly cheaper than what the company declared? We asked Konjoryan this question. Konjoryan did not answer this question, only noted that, in accordance with Article 34 of the Law on Public Service of the Republic of Armenia, he is considered a declarant and submitted a property, income and expenditure declaration. By the way, 54 million drams is not a random figure. According to the Tax Code, the paid income tax can be recovered if the contractual value of the real estate transaction does not exceed 55 million drams. If you find a mistake, you can send it to us by selecting the error and pressing CTRL+Enter.