Price stat for apartment (m2)

Large Centre








1-6 Nork district

7-9 Nork district

Avan, Avan-Arindge




Dear users, now you can add estates to your wishlist and send them to us, so we could help you with the chosen estates

+374 10 27 93 93 +374 91 27 93 93 +374 10 52 00 51 +374 10 66 99 94

Prices for Armenian Real Estate Again Decrease

In Armenian real estate market there has been observed a definite decrease of prices. This decrease of prices primary depends on the offer and demand: What about the decrease of price on 4% it is even about 6%. It should be noted that since February in the small center of Yerevan, the average price for sq.m living area is $ 1200 - $ 1500, in the large center - $ 1200 - $ 1300: And what about the outskirts of the capital, such as in the administrative district of Shengavit price for 1 sq.m. is $ 500 - $ 650, but in the administrative district of Arabkir, Komitas avenue - the price is $ 850. "

Reduced of land prices is also recorded: For example, in Nork-Marash and Arabkir the price for 1sq.m land is $ 100 - $ 150 and in more remote areas of the capital - $ 50 - $ 30.

The second option is: The decrease of prices is due to the large number of proposals in the absence of demand. More and more people are selling their apartment in Yerevan. Number of real estate in Yerevan is incomparably increased. The reduction is not so much noticeable, but more and more people have started to offer their real estate in Yerevan for sale. It is fact that people are selling their houses, business and apartments in Yerevan in order to leave the country.

Note that according to the State Committee of Real Estate Cadastre, the average market price for apartments in Yerevan in February 2011 compared to the same period in 2010 decreased by 3.8% per 1 sq. m of living space. In comparison with the previous month in February 2011 the prices for apartments in Yerevan increased by 0.7%.

According to real estate cadastre in February, there has been sold twice more apartments in Yerevan than in January. According to official figures, the highest prices for apartments have been preserved in the center of the capital, where the price for 1 sq.m was 442.8 thousand drams, and the lowest - on the outskirts, in Nubarashen - 149 thousand drams per sq.m ($ 1 - 369 , 11 AMD).


Other news

PanARMENIAN.Net -Անշարժ գույքի առուվաճառքը պարզեցվում է Հայաստանում առաջին մոբայլ հավելվածի միջոցով
In the Republic of Armenia a in of hypothec rates for real estate is noticed.
Real Estate in Armenia Has Depreciated
What is the Difference between World and Armenian Real Estate Prices
International Real Estate Market Forecast
Price stat for apartment (m2)