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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2012-04-25

Central Bank of Armenia - Yerevan Real Estate Prices Fall

According to the financial stability report of the Central Bank of Armenia, in 2011 prices for apartments in Yerevan decreased in 5.5%, but in the fourth quarter, compared with the previous year, there was recorded a rise in the prices of real estate in Yerevan at a rate of 0.04%.

It was noted that the decrease of prices of  property in Yerevan can not lead to systemic problems in terms of availability of credit, as Armenian commercial banks continue to have a fairly rigorous approach to the assessment of solvency of the citizens. In particular, mortgage loans are issued at  the range of no more than 60-80% of Yerevan real estate market value.

2011 offers of real estate in Armenia have also decreased, but this was not enough to prevent the fall in prices. For example, in 2011, compared with the last year for 0.8% reduced the amount of residential buildings, due to the reduction of construction by the state budget and citizens.




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Price stat for apartment (m2)