Property Prices in Armenia

Index Info
Price to Income Ratio: 18.04
Mortgage as Percentage of Income: 275.00%
Loan Affordability Index: 0.36
Price to Rent Ratio - City Centre: 16.77
Price to Rent Ratio - Outside of Centre: 12.23
Gross Rental Yield (City Centre): 5.96%
Gross Rental Yield (Outside of Centre): 8.18%
Rent Per Month
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Apartment (1 bedroom) in City Centre 354,057.12 AMD 245,000.00-500,000.00
Apartment (1 bedroom) Outside of Centre 229,934.24 AMD 150,000.00-315,000.00
Apartment (3 bedrooms) in City Centre 576,262.22 AMD 380,000.00-992,142.40
Apartment (3 bedrooms) Outside of Centre 352,320.44 AMD 200,000.00-595,285.44
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 115,196.74 AMD 78,966.93-179,301.37
Price per Square Feet to Buy Apartment Outside of Centre 53,165.63 AMD 40,555.80-74,321.81
Salaries And Financing
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Average Monthly Net Salary (After Tax) 251,133.90 AMD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 14.37 12.00-20.00

These data are based on 427 entries in the past 18 months from 70 different contributors.
Last update: April 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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