The Most Sought-After Properties are in Kentron, Davitashen and Arabkir Districts of Yerevan

Armenian apartments prices

The Most Sought-After Properties are in Kentron, Davitashen and Arabkir Districts of Yerevan

The prices of Armenian properties, especially in the capital Yerevan, are steadily increasing. The absolute record of prices is set by the "expensive" center, where the average price increased by US$211 (or 22%). Next are the districts of Davitashen (US$79 or 15%), Arabkir (US$76 or 10%) and Ajapnyak  (US$66 or 14%).

In 2018, 11,700 apartments were sold in the capital, which is about 1,600 units (15.5%) more than in the previous year. The largest number of sales was also in the Central district. Most of the yearly transaction growth (about 73%) happened in the I and II quarters. In the third quarter, this figure slightly decreased (17%). And, in the fourth quarter, the growth was replaced by a slight decrease (0.5%).

In 2018, foreign nationals purchased 1,700 real properties in Armenia, and sold twice as much - 3,400 units.The share of Russian citizens was considerable in both acquisitions (53%) and sales (79%). Many of these foreigners are former Armenian nationals who acquired citizenship of Russia or other countries and then decided to sell their properties left back in Armenia. Apartment Prices Steadily Increase in Armenia, NEWS.am (Feb. 2, 2019) (in Armenian)

District

January

February

March

April

May

June

Kentron

1005

1012

1043

1054

1064

1098

Arabkir

744

745

742

748

751

764

Qanaqer-Zeytun

559

559

563

567

569

566

572

Nor-Norq

491

492

501

503

500

497

Avan

519

526

529

531

530

533

Erebuni

498

504

517

517

522

522

Shengavit

516

517

524

524

521

526

Davtashen

561

571

579

581

585

597

Ajapnyak

490

495

516

518

517

517

Malatia-Sebastia

488

491

494

494

492

497

Nubarashen

322

326

333

339

347

344

District

July

August

September

October

November

December

Kentron

1118

1123

1141

1156

1159

1174

Arabkir

771

776

783

786

792

801

Qanaqer-Zeytun

578

579

579

584

587

591

Nor-Norq

503

503

505

509

511

516

Avan

536

534

539

538

537

537

Erebuni

524

539

539

538

528

533

Shengavit

531

533

527

532

521

524

Davtashen

601

603

606

608

611

619

Ajapnyak

524

523

525

532

535

546

Malatia-Sebastia

497

502

501

504

506

510

Nubarashen

347

346

348

349

350

357

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2019-06-08T11:57:12+04:00 June 8th, 2019|
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