Price stat for apartment (m2)
Center
$1377

Large Centre
$999

Arabkir
$869

Kanaker-Zeytoun
$684

Achapnyak
$643

Davitashen
$657

Nork-Marash
$490

Shengavit
$623

Charbakh
$355

1-6 Nork district
$629

7-9 Nork district
$539

Avan, Avan-Arindge
$806

Erebouni
$608

Malatia-Sebastia
$577

Regions
$504

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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)