by nerses 

10% Average Annual Increase in Property Prices in Armenia

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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, AEKA.am (May 20, 2019) (in English)).

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nerses

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