Real Estate in Yerevan, Armenia

Summary: The average cost of a nice 2 bedroom home in Yerevan, Armenia is around $100,000 USD. A nice 3 bedroom home in Yerevan is around $150,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and modern appliances. Some properties may also include a balcony or terrace. There are no restrictions on foreign ownership for properties in Yerevan. Expats should search for a home to buy in Yerevan by using online real estate websites, such as Armanian Real Estate, or by contacting a local real estate agent. The most desirable neighborhoods in Yerevan are the city center, Malatia-Sebastia, and Arabkir. These neighborhoods offer a variety of amenities, including parks, restaurants, and shopping centers.

Should I buy or rent a home in Yerevan?

If you have not spent a lot of time in Yerevan, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"We rent a 3-Bdrm 2-BA (unusual) apartment with a roof garden in the center of the city for $700 a month," remarked one foreigner who made the move to Yerevan.

What do I need to know when buying property in Yerevan?

When we asked expats what advice they would give a foreigner before buying a property in Yerevan, they said:

"1. It is important to research the local market and familiarize yourself with the current real estate trends in Yerevan. 2. It is also important to understand the legal framework for buying property in Armenia, including the registration process and any taxes or fees associated with the purchase. 3. It is recommended to hire a local lawyer to help you navigate the legal process and ensure that all documents are in order. 4. It is also important to consider the location of the property and the surrounding infrastructure, such as access to public transportation, schools, and other amenities. 5. It is also important to consider the condition of the property and any potential renovation or repair costs that may be necessary. 6. Finally, it is important to understand the financing options available and to ensure that you have the necessary funds to complete the purchase," explained one person living in Yerevan, Armenia.

Are foreigners allowed to own property in Yerevan?

When we asked expats what advice they would give a foreigner before buying a property in Yerevan, they said...

"Yes, foreigners are allowed to own property in Yerevan. The Armenian government permits foreign nationals to purchase and own real estate, including land, residential, and commercial properties. However, there are some restrictions on agricultural land ownership, which is reserved for Armenian citizens and legal entities. Foreigners can still lease agricultural land for long-term use. It is essential for foreign buyers to work with a local lawyer to ensure compliance with all legal requirements and proper registration of the property," said one person in Yerevan.

What appliances are typically included in a rental?

We asked foreigners in Yerevan what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"In a rental property in Yerevan, tenants can typically expect to find a refrigerator, stove, oven, and washing machine. Other common appliances include a microwave, dishwasher, and air conditioning unit. Depending on the property, tenants may also find a clothes dryer, water heater, and other small appliances," explained one person living in Yerevan, Armenia.

Additional Information about Searching for a Home in Yerevan:

We asked foreigners in Yerevan what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats searching for homes in Yerevan typically start by browsing online real estate websites and local classifieds to get an idea of the housing market. They may also join expat forums and social media groups to seek advice and recommendations from fellow expats who have already gone through the process. Additionally, expats can reach out to local real estate agents who are familiar with the area and can help them find a suitable home. Some expats may also choose to visit Yerevan in person to explore different neighborhoods and attend open houses or schedule viewings with property owners. Networking with locals and other expats can also be helpful in finding potential rental or purchase opportunities that may not be advertised online," said one foreigner living in Yerevan, Armenia.

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