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Sales of Private Homes in Yerevan Slump 24.2%
Below, are the average prices of one square meter in Yerevan apartments according to district for the first half of 2014 and 2015.
Readers will note that the Armenian Dram has depreciated some 14% over the period in terms of the US Dollar. In the first six months of 2014 the average US Dollar – AMD exchange rate was $1=411.94 dram. In the first six months of 2015, the average exchange rate was $1=476.87.
|
Yerevan District |
2014 (1st six months) |
2015 (1st six months)
|
|
Kentron |
428,000 AMD/$1,038 |
428,000 AMD/$900 |
|
Arabkir |
356,600/$870 |
356,600/$750 |
|
Kanaker-Zeytoun |
282,700/$690 |
282,700/$600 |
|
Nor Nork |
252,300/$610 |
253,100/$530 |
|
Avan |
260,100/$630 |
260,500/$550 |
|
Erebouni |
250,700/$610 |
251,800/$530 |
|
Shengavit |
256,100/$620 |
257,000/$540 |
|
Davtashen |
275,150/$670 |
275,600/$580 |
|
Ajapnyak |
249,500/$600 |
249,900/$520 |
|
Malatia-Sebastia |
242,000/$590 |
243,000/$510 |
|
Noubarashen |
155,200/$380 |
156,600/$330 |
|
Yerevan Average |
273,500/$660 |
274,100/$570 |
Armenia’s State Property Cadastre also reports 2,052 private house buy/sell transactions in the first half of 2015 throughout the country, of which 604 were in Yerevan.
This is a 25.8% decrease, overall, and a drop in Yerevan of 24.2%, when compared to the second half of 2014, and a drop of 18.6% overall and in Yerevan (7.9%) when compared to the first half of 2014.
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