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)