Property Prices in Armenia

Index
Price to Income Ratio:	16.90
Mortgage as Percentage of Income:	224.09%
Loan Affordability Index:	0.45
Price to Rent Ratio - City Centre:	15.35
Price to Rent Ratio - Outside of Centre:	11.50
Gross Rental Yield (City Centre):	6.52%
Gross Rental Yield (Outside of Centre):	8.69%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	256,394.28 AMD	150,000.00-421,234.26
Apartment (1 bedroom) Outside of Centre	170,808.21 AMD	100,000.00-300,000.00
Apartment (3 bedrooms) in City Centre	491,220.21 AMD	250,000.00-842,468.52
Apartment (3 bedrooms) Outside of Centre	291,812.90 AMD	175,000.00-505,481.11
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	82,066.74 AMD	46,960.34-139,353.40
Price per Square Feet to Buy Apartment Outside of Centre	38,907.45 AMD	27,393.53-58,700.43
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	192,595.04 AMD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	12.05	10.00-15.00

These data are based on 286 entries in the past 18 months from 52 different contributors.
Last update: June 2022
Our data for each country are based on all entries from all cities in that country.

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