Property Prices in Armenia

Index Info
Price to Income Ratio: 15.18
Mortgage as Percentage of Income: 210.24%
Loan Affordability Index: 0.48
Price to Rent Ratio - City Centre: 12.62
Price to Rent Ratio - Outside of Centre: 8.56
Gross Rental Yield (City Centre): 7.92%
Gross Rental Yield (Outside of Centre): 11.68%
Rent Per Month
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Apartment (1 bedroom) in City Centre 978.78 $ 520.40-1,500.00
Apartment (1 bedroom) Outside of Centre 683.69 $ 390.30-1,000.00
Apartment (3 bedrooms) in City Centre 1,589.11 $ 1,000.00-2,503.12
Apartment (3 bedrooms) Outside of Centre 1,000.19 $ 650.50-1,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 239.33 $ 148.64-386.77
Price per Square Feet to Buy Apartment Outside of Centre 108.69 $ 69.68-169.21
Salaries And Financing
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Average Monthly Net Salary (After Tax) 616.98 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.76 11.00-18.00

These data are based on 444 entries in the past 18 months from 85 different contributors.
Last update: May 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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