Property Prices in Armenia

Index Info
Price to Income Ratio: 19.23
Mortgage as Percentage of Income: 306.05%
Loan Affordability Index: 0.33
Price to Rent Ratio - City Centre: 17.85
Price to Rent Ratio - Outside of Centre: 13.20
Gross Rental Yield (City Centre): 5.60%
Gross Rental Yield (Outside of Centre): 7.58%
Rent Per Month
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Apartment (1 bedroom) in City Centre 344,267.04 AMD 232,724.30-500,000.00
Apartment (1 bedroom) Outside of Centre 230,823.30 AMD 150,000.00-320,000.00
Apartment (3 bedrooms) in City Centre 578,322.58 AMD 380,000.00-1,000,000.00
Apartment (3 bedrooms) Outside of Centre 348,056.49 AMD 200,000.00-581,810.76
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 120,831.03 AMD 83,392.18-179,301.37
Price per Square Feet to Buy Apartment Outside of Centre 57,229.97 AMD 46,451.13-74,321.81
Salaries And Financing
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Average Monthly Net Salary (After Tax) 249,228.29 AMD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 15.13 12.00-20.00

These data are based on 409 entries in the past 18 months from 73 different contributors.
Last update: July 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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