Property Prices in Gyumri, Armenia

Index Info
Price to Income Ratio: 12.72
Mortgage as Percentage of Income: 229.80%
Loan Affordability Index: 0.44
Price to Rent Ratio - City Centre: 9.87
Price to Rent Ratio - Outside of Centre: 10.61
Gross Rental Yield (City Centre): 10.14%
Gross Rental Yield (Outside of Centre): 9.43%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 127,500.00 AMD 100,000.00-200,000.00
Apartment (1 bedroom) Outside of Centre 84,000.00 AMD 70,000.00-150,000.00
Apartment (3 bedrooms) in City Centre 217,500.00 AMD 150,000.00-500,002.00
Apartment (3 bedrooms) Outside of Centre 135,000.00 AMD 100,000.00-200,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 24,897.81 AMD
Price per Square Feet to Buy Apartment Outside of Centre 17,186.92 AMD
Salaries And Financing
Average Monthly Net Salary (After Tax) 89,000.00 AMD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.50 13.00-22.00

These data are based on 30 entries in the past 18 months from 7 different contributors.
Last update: May 2024

Sources and References
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