Property Prices in Gyumri, Armenia

Index
Price to Income Ratio:	12.72
Mortgage as Percentage of Income:	229.80%
Loan Affordability Index:	0.44
Price to Rent Ratio - City Centre:	7.81
Price to Rent Ratio - Outside of Centre:	9.03
Gross Rental Yield (City Centre):	12.81%
Gross Rental Yield (Outside of Centre):	11.07%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	147,500.00 AMD	110,000.00-200,000.00
Apartment (1 bedroom) Outside of Centre	98,000.00 AMD	70,000.00-150,000.00
Apartment (3 bedrooms) in City Centre	305,000.50 AMD	220,000.00-500,002.00
Apartment (3 bedrooms) Outside of Centre	160,000.00 AMD	120,000.00-200,000.00
Buy Apartment Price	Edit
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	Edit
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 28 entries in the past 18 months from 7 different contributors.
Last update: July 2024

Sources and References

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	16,100.00
GDP Growth Rate:	12.60%
Population Growth Rate:	-0.40%