Price stat for apartment (m2)
Center
$1377

Large Centre
$999

Arabkir
$869

Kanaker-Zeytoun
$684

Achapnyak
$643

Davitashen
$657

Nork-Marash
$490

Shengavit
$623

Charbakh
$355

1-6 Nork district
$629

7-9 Nork district
$539

Avan, Avan-Arindge
$806

Erebouni
$608

Malatia-Sebastia
$577

Regions
$504

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2011-08-30

This Year Real estate prices in Armenia will Stay Unchangeable

“Till the end of this 2011 year there would not be any changes in the  Armenian real estate prices”, announced the executive director of the Association of Mortgage Market Participants Edward Oremyan.
As to him, nowadays the demand for the real estate in Armenia is high enough, but the further development of the real estate market depends mainly on the improved demand of customers. Mr. Oremyan also mentioned that the level of solvency of Armenian population has not increased, which has a direct impact on the Armenian real estate market.
According to the State Real Estate Cadastre, the number of real estate transactions recorded in the first quarter of 2011 year increased on an annual basis by almost 28% to 36.499$. The rising of the prices for the quarter ranged from 1.5-3% depending on location. Hence, according to the inventory, the average prices of the metropolitan housing in a tower block set at the level 271.000 AMD per sq.m and in private housing -281.000 AMD per sq.m. In regions the highest prices of houses have been established in cities such as Abovyan and Vagharshapat (starting from 160.000 AMD per sq.m), Ashtarak, Goris and Ijevan (nearly 140.00 AMD per sq.m). This year the most active region came to be Kotayk with 14% of the total number of transactions.




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Price stat for apartment (m2)