Property Prices in Armenia

Index Info
Price to Income Ratio: 22.14
Mortgage as Percentage of Income: 355.83%
Loan Affordability Index: 0.28
Price to Rent Ratio - City Centre: 22.30
Price to Rent Ratio - Outside of Centre: 16.09
Gross Rental Yield (City Centre): 4.48%
Gross Rental Yield (Outside of Centre): 6.21%
Rent Per Month
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Apartment (1 bedroom) in City Centre 293,419.46 AMD 200,000.00-500,000.00
Apartment (1 bedroom) Outside of Centre 199,571.43 AMD 140,000.00-320,000.00
Apartment (3 bedrooms) in City Centre 514,788.88 AMD 350,000.00-800,000.00
Apartment (3 bedrooms) Outside of Centre 324,268.86 AMD 210,000.00-500,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 131,144.36 AMD 83,612.04-185,804.53
Price per Square Feet to Buy Apartment Outside of Centre 62,239.08 AMD 46,451.13-92,902.27
Salaries And Financing
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Average Monthly Net Salary (After Tax) 234,995.10 AMD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 15.30 12.00-18.00

These data are based on 384 entries from 60 contributors over the past 18 months.
Last update: May 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
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