Price stat for apartment (m2)
Center
$1348

Large Centre
$970

Arabkir
$880

Kanaker-Zeytoun
$604

Achapnyak
$636

Davitashen
$641

Nork-Marash
$490

Shengavit
$628

Charbakh
$565

1-6 Nork district
$631

7-9 Nork district
$492

Avan, Avan-Arindge
$762

Erebouni
$539

Malatia-Sebastia
$569

Regions
$367

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2012-12-28

What is the Difference between World and Armenian Real Estate Prices

During the last 9 months of the current year, there were registered over 10 thousand deals in Armenian real estate market, 6.1 thousand from which, apartments.

In the capital, the apartments are very expensive. In a number of countries, they are much cheaper than in the capital of Armenia. There are also countries where apartments are more expensive...

In the capital of Russia, for example, housing prices may have record according to expensiveness. example, hundreds of the most expensive apartments in Moscow in December were estimated 1.2 billion dollars, ie $ 12 million in each of them are ordinary apartments, not houses, which inhabited area varies at 113 - 826 sqm, an average 275 sqm. It should be noted that today an average housing area of Armenian apartments is about 63 sqm.

With regard to market prices, then we have "modest" prices. In the center the average price of apartment in October was 65.1 thousand dollars. In the elite buildings the prices are far expensive from the mentioned.

In New York's famous Central Park a three room apartment may cost you "only" 1.189 million dollars. Buying such an apartment, it is possible to use a range of services, swimming pool, GYM, pet’s saloon, etc.

Many people may ask, what the reason for such difference is: The answer is simple, because of the limited proposal and high demand.
Everyone wants to live in luxury homes, and prestigious districts of the prestigious cities: By the way, this ambition is characteristic of the "new Russians", who are accused to be the main reason for real estate high prices abroad.

The prices are quite different in the same type of apartments in Yerevan and in regions. For example, in October of this year the average market price of 1 square meter was 263.000 AMD, and in Hrazdan – 60.000 AMD.




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Price stat for apartment (m2)