Property Prices in Armenia

Index Info
Price to Income Ratio: 19.23
Mortgage as Percentage of Income: 306.05%
Loan Affordability Index: 0.33
Price to Rent Ratio - City Centre: 17.85
Price to Rent Ratio - Outside of Centre: 13.20
Gross Rental Yield (City Centre): 5.60%
Gross Rental Yield (Outside of Centre): 7.58%
Rent Per Month
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Apartment (1 bedroom) in City Centre 887.57 $ 600.00-1,289.08
Apartment (1 bedroom) Outside of Centre 595.10 $ 386.72-825.01
Apartment (3 bedrooms) in City Centre 1,491.01 $ 979.70-2,578.16
Apartment (3 bedrooms) Outside of Centre 897.34 $ 515.63-1,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 311.52 $ 215.00-462.27
Price per Square Feet to Buy Apartment Outside of Centre 147.55 $ 119.76-191.61
Salaries And Financing
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Average Monthly Net Salary (After Tax) 642.55 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 15.13 12.00-20.00

These data are based on 409 entries in the past 18 months from 73 different contributors.
Last update: July 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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