Property Prices in Armenia

Index Info
Price to Income Ratio: 21.24
Mortgage as Percentage of Income: 345.57%
Loan Affordability Index: 0.29
Price to Rent Ratio - City Centre: 22.38
Price to Rent Ratio - Outside of Centre: 16.47
Gross Rental Yield (City Centre): 4.47%
Gross Rental Yield (Outside of Centre): 6.07%
Rent Per Month
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Apartment (1 bedroom) in City Centre 284,302.23 AMD 200,000.00-500,000.00
Apartment (1 bedroom) Outside of Centre 192,586.21 AMD 120,000.00-350,000.00
Apartment (3 bedrooms) in City Centre 484,960.08 AMD 350,000.00-800,000.00
Apartment (3 bedrooms) Outside of Centre 303,076.92 AMD 200,000.00-500,000.00
Buy Apartment Price
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Price per Square Meter to Buy Apartment in City Centre 1,355,519.28 AMD 850,000.00-2,000,000.00
Price per Square Meter to Buy Apartment Outside of Centre 652,973.94 AMD 494,377.67-1,000,000.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 236,405.93 AMD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 15.53 12.00-20.00

These data are based on 335 entries from 59 contributors over the past 18 months.
Last update: 5 June 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
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