Property Prices in Armenia

Index Info
Price to Income Ratio: 14.77
Mortgage as Percentage of Income: 202.08%
Loan Affordability Index: 0.49
Price to Rent Ratio - City Centre: 11.08
Price to Rent Ratio - Outside of Centre: 8.08
Gross Rental Yield (City Centre): 9.02%
Gross Rental Yield (Outside of Centre): 12.38%
Rent Per Month
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Apartment (1 bedroom) in City Centre 374,728.72 AMD 200,000.00-577,000.00
Apartment (1 bedroom) Outside of Centre 251,418.20 AMD 140,000.00-400,000.00
Apartment (3 bedrooms) in City Centre 614,350.29 AMD 350,000.00-990,688.06
Apartment (3 bedrooms) Outside of Centre 391,547.97 AMD 250,000.00-713,295.41
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 80,789.26 AMD 46,451.13-139,353.40
Price per Square Feet to Buy Apartment Outside of Centre 38,660.09 AMD 25,770.41-55,222.30
Salaries And Financing
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Average Monthly Net Salary (After Tax) 217,565.13 AMD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.55 11.00-18.50

These data are based on 441 entries in the past 18 months from 78 different contributors.
Last update: February 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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