Property types in Armenia
Properties features in Armenia
Frequently asked questions about Armenian real estate
What are the average real estate prices in Armenia?
The cost per square meter differs depending on the city. It is most expensive in Yerevan, the capital of the country, in the range of 1500-2200 euros. Gyumri and Armavir are also in the top 3 in terms of costliness, where you can buy housing in Armenia at the rate of 1000-2000 euros per square meter. In other cities and towns the price per square meter ranges from 500 to 1200 euros.
What are the requirements for foreigners to buy real estate in Armenia?
Foreigners need a passport and a certificate confirming the legality of the origin of the funds to formalize the transaction. Foreigners can get property for sale in Armenia only by direct money transfer to the seller's details from an account in one of the local banks.
What fees and taxes do foreigners buying Armenian housing have to pay?
When buying an apartment or a house, foreigners pay notary, registration and state fees. There is no tax on purchase, but it must be paid for owning a dwelling - not more than 1% of the cadastral price of real estate in Armenia.
