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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2012-06-14

Yerevan: The Number of Real Estate Buyers has Decreased

Yerevan – the number of real estate buyers in Yerevan has noticeably reduced - stated Vahakn Hovnanian - one of the main investors in Armenian real estate market. According to Mr. Hovnanian there are several reasons for this decrease, but the main one is the emigration together with indigence.

According to the Armenian entrepreneur from Diaspora, only Armenian immigrants from Syria, Iran and Egypt give life to Armenian real estate market.

63% of real estate offered by “Hovnanian International” Ltd, the company Vahakn Hovnanian owns, buy local residents and 37% foreigners




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Price stat for apartment (m2)