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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2012-02-24

Real Estate Yerevan

In comparison with compared with October 2011, in November the market price per square meter of real estate in yerevan increased by 1.3 thousand drams. This rise in price (actually negligible) is a consequence of the seasonal housing market, the closer to winter, the higher the value of real estate in yerevan is. Because of the winter the demand for housing in Armenia increases, therefore the number of transactions as well.

However, not in all districts, the prices of apartments in yerevan are increased by the end of the year. For example, in the district Arabkir price per square meter decreased by 6.7 thousand drams, Kanaker-Zeitun - 5.1 thousand drams and Avan - 6,7 thousand, etc, etc.

But what about the rise in price, the apartment price in the district Ajapnyak has increased by 6.3 thousand AMD, Erebuni - 6.2 drams , NorNork - 4.5 thousand drams, and Davitshen 4.0 thousand drams.

To summarize the past year, it is worth mentioning that real estate in Armenia will soon face decrease in price than increase.

If you compare the prices of the last month of last year with the same months of 2010, we will note that the average market price for per square meter decreased by 2.6%.

Although, these changes had no affect the new buildings.

Yet, in 2012, no major changes in the sphere of armenian real estate, though the specialists state that they are expected in the coming months.




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Price stat for apartment (m2)