Property Prices in Armenia

Index Info
Price to Income Ratio: 18.26
Mortgage as Percentage of Income: 283.89%
Loan Affordability Index: 0.35
Price to Rent Ratio - City Centre: 17.18
Price to Rent Ratio - Outside of Centre: 12.07
Gross Rental Yield (City Centre): 5.82%
Gross Rental Yield (Outside of Centre): 8.29%
Rent Per Month
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Apartment (1 bedroom) in City Centre 346,998.30 AMD 245,000.00-500,000.00
Apartment (1 bedroom) Outside of Centre 232,342.28 AMD 150,000.00-310,000.00
Apartment (3 bedrooms) in City Centre 567,512.55 AMD 375,000.00-969,087.64
Apartment (3 bedrooms) Outside of Centre 359,250.37 AMD 230,000.00-581,452.59
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 115,891.60 AMD 78,966.93-185,804.53
Price per Square Feet to Buy Apartment Outside of Centre 53,225.86 AMD 39,613.39-74,321.81
Salaries And Financing
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Average Monthly Net Salary (After Tax) 249,264.41 AMD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 14.71 12.00-20.00

These data are based on 413 entries in the past 18 months from 74 different contributors.
Last update: May 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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