Price stat for apartment (m2)
Center
$1371

Large Centre
$984

Arabkir
$867

Kanaker-Zeytoun
$658

Achapnyak
$622

Davitashen
$654

Nork-Marash
$490

Shengavit
$611

Charbakh
$333

1-6 Nork district
$617

7-9 Nork district
$472

Avan, Avan-Arindge
$771

Erebouni
$544

Malatia-Sebastia
$581

Regions
$504

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2013-01-21

In the Republic of Armenia a in of hypothec rates for real estate is noticed.

The Armenian government has initiated two programs – National Mortgage Company UCO and Affordable Housing for Young Families – to facilitate the mortgage lending. In addition, it has provided state guarantees to construction companies to overcome this difficult period. Thus, some growth has been recorded in mortgage lending since the beginning of this year.

It should be noted that the interest rates considerably decreased in 2009, making 8.5-13% against 16-20% two years ago. Besides, construction volumes in Armenia may increase in the near future, due to economic growth recorded in Russia and Ukraine that will contribute to increase in remittances.

 




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Price stat for apartment (m2)