Property Prices in Armenia

Index Info
Price to Income Ratio: 17.44
Mortgage as Percentage of Income: 257.70%
Loan Affordability Index: 0.39
Price to Rent Ratio - City Centre: 16.35
Price to Rent Ratio - Outside of Centre: 12.17
Gross Rental Yield (City Centre): 6.12%
Gross Rental Yield (Outside of Centre): 8.22%
Rent Per Month
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Apartment (1 bedroom) in City Centre 851.02 $ 491.77-1,229.41
Apartment (1 bedroom) Outside of Centre 562.99 $ 368.82-762.24
Apartment (3 bedrooms) in City Centre 1,392.49 $ 922.06-2,458.83
Apartment (3 bedrooms) Outside of Centre 830.46 $ 491.77-1,229.41
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 270.44 $ 185.80-456.86
Price per Square Feet to Buy Apartment Outside of Centre 127.60 $ 91.37-182.74
Salaries And Financing
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Average Monthly Net Salary (After Tax) 614.19 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 13.83 11.50-20.00

These data are based on 397 entries in the past 18 months from 62 different contributors.
Last update: March 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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