Property Prices in Armenia

Index Info
Price to Income Ratio: 15.06
Mortgage as Percentage of Income: 214.19%
Loan Affordability Index: 0.47
Price to Rent Ratio - City Centre: 13.71
Price to Rent Ratio - Outside of Centre: 9.60
Gross Rental Yield (City Centre): 7.29%
Gross Rental Yield (Outside of Centre): 10.42%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 384,631.42 AMD 250,000.00-557,123.86
Apartment (1 bedroom) Outside of Centre 256,573.81 AMD 150,000.00-397,945.61
Apartment (3 bedrooms) in City Centre 612,323.34 AMD 350,000.00-994,864.03
Apartment (3 bedrooms) Outside of Centre 379,057.40 AMD 200,000.00-700,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 101,345.28 AMD 66,546.09-157,933.85
Price per Square Feet to Buy Apartment Outside of Centre 45,886.42 AMD 29,576.04-65,031.59
Salaries And Financing
Average Monthly Net Salary (After Tax) 263,128.94 AMD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 13.19 11.00-18.00

These data are based on 433 entries in the past 18 months from 79 different contributors.
Last update: October 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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