Property Prices in Armenia

Index Info
Price to Income Ratio: 21.24
Mortgage as Percentage of Income: 343.98%
Loan Affordability Index: 0.29
Price to Rent Ratio - City Centre: 19.48
Price to Rent Ratio - Outside of Centre: 13.88
Gross Rental Yield (City Centre): 5.13%
Gross Rental Yield (Outside of Centre): 7.20%
Rent Per Month
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Apartment (1 bedroom) in City Centre 328,842.87 AMD 245,000.00-500,000.00
Apartment (1 bedroom) Outside of Centre 227,389.23 AMD 150,000.00-315,000.00
Apartment (3 bedrooms) in City Centre 568,947.57 AMD 400,000.00-1,000,000.00
Apartment (3 bedrooms) Outside of Centre 345,887.57 AMD 240,000.00-500,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 127,564.42 AMD 83,612.04-185,804.53
Price per Square Feet to Buy Apartment Outside of Centre 59,527.63 AMD 46,451.13-83,612.04
Salaries And Financing
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Average Monthly Net Salary (After Tax) 237,033.94 AMD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 15.44 12.00-18.10

These data are based on 419 entries in the past 18 months from 68 different contributors.
Last update: November 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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