Downtown Yerevan Average Apt Price; $900 for a Square Meter
It appears that the demand for apartments in Yerevan has fallen.
According to recent figures released by Armenia’s State Committee of the Real Estate Cadastre there were 3,318 buy and sell transactions for apartments and houses in the first quarter of 2015, down 27.6% over the same period last year.
In April of this year average apartment prices in Yerevan remained basically unchanged when compared to the same month last year according to the Cadastre.
Average prices of one square meter in Yerevan multiple residency buildings (in AMD)
- Kentron 428,000
- Arabkir 356,600
- Kanaker-Zeytoun 282,700
- Davtashen 275,700
- Avan 260,650
- Shengavit 257,050
- Nor-Nork 253,100
- Erebouni 251,900
- Ajapnyak 250,000
- Malatia-Sepastia 243,200
- Noubarashen 156,750
(May 29, 2015 – 100,000 AMD = US$208.63)