Property Prices in Armenia

Index Info
Price to Income Ratio: 20.60
Mortgage as Percentage of Income: 327.27%
Loan Affordability Index: 0.31
Price to Rent Ratio - City Centre: 21.16
Price to Rent Ratio - Outside of Centre: 15.52
Gross Rental Yield (City Centre): 4.73%
Gross Rental Yield (Outside of Centre): 6.44%
Rent Per Month
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Apartment (1 bedroom) in City Centre 288,565.01 AMD 200,000.00-420,000.00
Apartment (1 bedroom) Outside of Centre 197,031.25 AMD 120,000.00-300,000.00
Apartment (3 bedrooms) in City Centre 497,282.54 AMD 350,000.00-800,000.00
Apartment (3 bedrooms) Outside of Centre 320,288.66 AMD 200,000.00-500,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 121,402.77 AMD 74,321.81-185,804.53
Price per Square Feet to Buy Apartment Outside of Centre 59,298.59 AMD 41,806.02-92,902.27
Salaries And Financing
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Average Monthly Net Salary (After Tax) 236,044.42 AMD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 15.10 12.00-18.20

These data are based on 357 entries from 57 contributors over the past 18 months.
Last update: April 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
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