Price stat for apartment (m2)
Center
$1379

Large Centre
$988

Arabkir
$859

Kanaker-Zeytoun
$675

Achapnyak
$634

Davitashen
$670

Nork-Marash
$490

Shengavit
$623

Charbakh
$333

1-6 Nork district
$621

7-9 Nork district
$494

Avan, Avan-Arindge
$775

Erebouni
$608

Malatia-Sebastia
$575

Regions
$504

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2011-10-20

New Investments in Armenian Real Estate

As reported in the website of Yerevan City Hall, at the beginning of last year, former Mayor of Yerevan Karen Karapetyan and the chairman of Board of Directors of Russian oil and gas company "Itera" Igor Makarov, signed a cooperation agreement, under which the corporation will be implemented in Yerevan on long-term investment program's in the sphere of real estate and not only.

Under the agreement, from 2011 to 2016 "Itera" undertakes to implement investment programs in Armenia in the field of real estate development, tourism, trade, infrastructure and development of green areas.

By 2016, it is planned to build, the new multipurpose center and a hotel in Yerevan that meets international standards. The Corporation also intends to implement construction of a tourist complex "Noylend" in Yerevan.

Yerevan City Hall, according to the agreement under the legislation of Armenia and in the prescribed manner shall fully support the investment programs of implementation, corporations, providing advice, a place for Armenian real estate development and other assistance.




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Price stat for apartment (m2)