Armenia

Property for sale in Armenia

Armenia is a former Soviet republic located in the mountainous region of the Caucasus, on both sides of Asia and Europe. Among the earliest Christian civilizations, it houses several places of devotion, including the Greco-Roman temple of Garni and the 4th-century Etchmiadzin cathedral, home to the Armenian Church. Khor Virap Monastery is a place of pilgrimage near Mount Ararat, an inactive volcano just across the border with Turkey.

Yerevan, capital of Armenia, is characterized by the sumptuous architecture of the Soviet era. The Matenadaran, which houses thousands of ancient Greek and Armenian manuscripts, dominates the main avenue. Republic Square is the core of the city, with musical water fountains and government buildings with colonnades.

Armenia is bordered by Turkey to the north, the independent Republic of Artsakh and Azerbaijan to the east, and Iran and Azerbaijan's exclave of Nakhchivan to the south.

If you are interested in buying a property for sale in Armenia you can read our outlook on the real estate market.

In 2018, 64.4% of the purchase and the sale of property transactions in Armenia were registered in Yerevan. Compared to 2016, the same transactions increased by 23.7%. During the first half of 2018 the highest share of purchases of property for sale in Armenia was recorded in Kentron (20.4%), and the lowest in the administrative districts of Nubarashen (0.5%).

The analysis shows that in 2018 the districts of Yerevan recorded an increase of prices for properties for sale in Armenia, the largest increase was recorded in Kentron (11.5%) and the lowest in Kanaker-Zeytun (0.9%).

It should be noted that prices compared to 2016 and 2017 have decreased in all administrative districts next to Kentron.