Property Prices in Armenia

Index Info
Price to Income Ratio: 20.31
Mortgage as Percentage of Income: 321.15%
Loan Affordability Index: 0.31
Price to Rent Ratio - City Centre: 21.08
Price to Rent Ratio - Outside of Centre: 14.77
Gross Rental Yield (City Centre): 4.74%
Gross Rental Yield (Outside of Centre): 6.77%
Rent Per Month
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Apartment (1 bedroom) in City Centre 293,511.91 AMD 200,000.00-445,000.00
Apartment (1 bedroom) Outside of Centre 204,582.21 AMD 140,000.00-300,000.00
Apartment (3 bedrooms) in City Centre 505,282.14 AMD 350,000.00-800,000.00
Apartment (3 bedrooms) Outside of Centre 323,053.00 AMD 200,000.00-500,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 122,960.19 AMD 74,321.81-185,804.53
Price per Square Feet to Buy Apartment Outside of Centre 57,882.22 AMD 41,806.02-83,333.33
Salaries And Financing
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Average Monthly Net Salary (After Tax) 239,620.42 AMD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 15.01 12.00-18.20

These data are based on 356 entries in the past 18 months from 58 different contributors.
Last update: March 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
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