Property Prices in Armenia

Index Info
Price to Income Ratio: 17.51
Mortgage as Percentage of Income: 266.92%
Loan Affordability Index: 0.37
Price to Rent Ratio - City Centre: 16.77
Price to Rent Ratio - Outside of Centre: 12.22
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 353,521.54 AMD 245,000.00-500,000.00
Apartment (1 bedroom) Outside of Centre 229,643.97 AMD 150,000.00-315,000.00
Apartment (3 bedrooms) in City Centre 575,223.22 AMD 380,000.00-983,084.81
Apartment (3 bedrooms) Outside of Centre 351,879.80 AMD 200,000.00-589,850.88
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 114,985.54 AMD 78,966.93-179,301.37
Price per Square Feet to Buy Apartment Outside of Centre 53,082.83 AMD 40,185.56-74,321.81
Salaries And Financing
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Average Monthly Net Salary (After Tax) 258,287.58 AMD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 14.37 12.00-20.00

These data are based on 415 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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