Price stat for apartment (m2)
Center
$1375

Large Centre
$957

Arabkir
$868

Kanaker-Zeytoun
$620

Achapnyak
$637

Davitashen
$661

Nork-Marash
$490

Shengavit
$642

1-6 Nork district
$621

7-9 Nork district
$506

Avan, Avan-Arindge
$794

Erebouni
$540

Malatia-Sebastia
$578

Regions
$367

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2011-08-09

Review: Yerevan Real Estate Market

State Committee of Real Estate Cadastre of the Republic of Armenia reported that compared to the last month real estate market of Yerevan get activated.
4.260 thousand real estate transactions were carried out in June 2011 in Yerevan. Compared to the previous month this index increased by 4,8 and compared to the same month last year by 6,8 percent. In contrast to that increase, real estate average prices in the capital dropped by 9 percent (June 2010-$US755/ June 2011- $US685). In annualized terms real estate prices significantly dropped, but the purchase considerably activated. At a stable economic growth, this fact may bring to a gradual increase in property prices. Nowadays, as prices are going down and there is no attractiveness for a beneficial real estate investment, Yerevan property prices reach the non-speculative balance state.

Note that according to the annual basis the largest decline in prices was observed in Arabkir- by 13.5 percent ($US1053/$US912), but the prices in the cheapest district of Yerevan, Nubarashen have even grew up by 0.3 percent ($US394/$US397).




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Price stat for apartment (m2)