by nerses 

10% Average Annual Increase in Property Prices in Armenia


Real Estate Prices in Yerevan

According to the Cadastre Committee, 16,270 real estate transactions were registered in Armenia in April 2019. This is 28.9% more than in the same month of the last year. The largest number of transactions was registered in Yerevan (35.1%).

Compared to the same period last year, the average market price of one square meter in apartment buildings in Yerevan grew by 9.8%, and compared to March, the average price increased by 0.8%. The results show that the highest prices were recorded in the capital's administrative district Kentron - 590 thousand drams per square meter, and the lowest - in Nubarashen district - 173 thousand drams.

The highest average price per square meter of housing outside capital Yerevan was in the resort town of Tsaghkadzor (283,600 drams) and the lowest - in Dastakert rural community in Syunik region (21,400 drams). ($1 - 480.27 drams). 10% Growth on Real Estate Prices in Yerevan, (May 20, 2019) (in English)).

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