Property Prices in Armenia

Index Info
Price to Income Ratio: 21.44
Mortgage as Percentage of Income: 346.33%
Loan Affordability Index: 0.29
Price to Rent Ratio - City Centre: 19.21
Price to Rent Ratio - Outside of Centre: 13.47
Gross Rental Yield (City Centre): 5.21%
Gross Rental Yield (Outside of Centre): 7.43%
Rent Per Month
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Apartment (1 bedroom) in City Centre 335,338.7 AMD 232,302.0-500,000.0
Apartment (1 bedroom) Outside of Centre 224,330.15 AMD 150,000.0-315,000.0
Apartment (3 bedrooms) in City Centre 578,079.4 AMD 400,000.0-1,000,000.0
Apartment (3 bedrooms) Outside of Centre 362,226.44 AMD 250,000.0-580,755.0
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 128,058.46 AMD 83,240.86-185,804.53
Price per Square Feet to Buy Apartment Outside of Centre 58,399.88 AMD 46,451.13-78,966.93
Salaries And Financing
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Average Monthly Net Salary (After Tax) 233,978.39 AMD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 15.39 12.0-17.9

These data are based on 387 entries in the past 18 months from 61 different contributors.
Last update: October 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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