MyRealty.am stands as Armenia’s largest real estate database, connecting buyers with apartments, houses, commercial spaces, and land across Yerevan and beyond. The platform features 3,300+ active listings, works with 20+ local agencies, and offers multilingual support for foreign investors seeking property opportunities in Armenia’s growing $1.25 billion market.
What Makes MyRealty.am Armenia’s Leading Property Platform
MyRealty.am dominates Armenia’s property landscape with 3,300+ verified listings updated daily. The platform connects owners, agencies, and buyers through a streamlined database covering apartments, houses, commercial spaces, and land parcels.
Users browse properties without fees. Each listing includes professional photos, specifications, and direct contact details. The platform supports six languages (English, Armenian, Russian, German, French, and Persian), attracting diaspora members and international investors.
Mobile apps on iOS and Android deliver the complete database to your fingertips. Search filters narrow results by location, price range, square footage, rooms, and building condition. A built-in mortgage calculator estimates monthly payments based on current rates.
Armenia Real Estate Market Shows Strong Growth Through 2026
Armenia’s property sector continues its upward climb. Market value reached $1.12 billion in 2024, and analysts project growth to $1.52 billion by 2031, representing a 4.4% compound annual growth rate.
The numbers tell a compelling story. Armenia registered 247,916 real estate transactions in 2024 alone, marking a 12.9% increase from the previous year. This surge reflects growing confidence among local and foreign buyers.
Property prices in central Yerevan climbed 9.2% between April 2023 and March 2024. Average prices now hover around $2,295 per square meter in prime districts. The Kentron community leads with prices reaching 908,100 AMD (approximately $2,342) per square meter.
Different neighborhoods offer varied price points:
- Kentron (Center): $2,342 per square meter
- Arabkir: $1,645 per square meter
- Davitashen: $1,230 per square meter
- Nubarashen: $593 per square meter
Peripheral areas show the highest price growth potential. Neighborhoods like Kanaker-Zeytun and Nubarashen attract buyers seeking affordable entry points with room for appreciation.
The rental market generates solid returns. Gross rental yields average 7.8% citywide, with net yields around 6% after expenses. These figures outperform many European markets.
Foreign Investors Get Full Property Rights in Armenia
Armenia welcomes international buyers with open arms. The country grants foreigners the same property ownership rights as citizens, a rare advantage in the region.
You can purchase, own, lease, sell, and transfer property without restrictions. Agricultural land requires ownership through a registered legal entity, but residential and commercial properties face no such limits.
Tax advantages sweeten the deal:
Zero capital gains tax on property sales for individuals. Property tax rates between 0.05% and 1.5% based on market value. No gift or inheritance taxes on real estate transfers. Low annual property taxes are calculated on current market values
The World Bank ranks Armenia highly for efficient property registration. Remote processing options let foreign investors complete transactions without visiting the country. Most property transfers finalize within weeks.
Starting in 2026, Armenia bases property taxes on market values rather than cadastral assessments. The government phases in this change gradually, applying 75% of the full rate in 2025 and 100% from 2026 onward.
How to Find and Purchase Property on MyRealty.am
Visit MyRealty.am and select your language. Use the search bar to specify requirements: property type, transaction type (sale/rent), region, price range, rooms, and area.
Results display instantly with photos, prices, and contact details. Each property shows a unique ID and agency information. Contact via phone, WhatsApp, Viber, or Telegram.
Schedule viewings through listed contacts. MyRealty.am partners with established agencies like ARARAT Realty, Kentron Real Estate, and Safe House.
Purchase process:
- Property selection and viewing
- Price negotiation
- Legal due diligence and title verification
- Contract signing and deposit
- State cadastre registration
- Final payment and transfer
Hiring an Armenian lawyer ($500-1,500) ensures a clean title transfer and protects against claims.
Mortgage Options Make Armenia Real Estate Accessible
Armenian banks offer competitive rates: 11-12% annually for local currency loans, 8-9% for USD/EUR mortgages. Down payments start at 20-30%.
ACBA Bank, Ameriabank, and Ardshinbank serve foreign buyers with up to 70% loan-to-value ratios. MyRealty.am’s homepage calculator estimates monthly payments.
Government programs support regional homebuyers. Income tax refund schemes apply to pre-2025 mortgages, reducing borrowing costs.
Property Types Available Across MyRealty.am Platform
Apartments dominate inventory. Studios start at $40,000 in peripheral areas. Two-bedroom units in central Yerevan cost $80,000-200,000. New construction offers modern amenities: parking, elevators, central heating, and security. Soviet-era buildings sell at discounts.
Houses range from $150,000 modest homes to $1+ million villas. Most include 200-1,000+ square meter land parcels. Suburban districts like Avan and Davtashen offer competitive pricing.
Commercial properties include offices, retail shops, and warehouses. Prime central Yerevan locations command premium rates, especially ground-floor retail near Republic Square.
Land parcels start at $20-50 per square meter rurally, $200-500 near Yerevan. Development opportunities span residential plots, agricultural fields, and commercial sites.
Yerevan Neighborhoods: Where to Invest Your Money
Location drives value in real estate. Each Yerevan district offers distinct advantages.
Kentron (Center) delivers prestige and convenience. Tree-lined boulevards, historic buildings, cafes, and cultural venues define this premium area. Expect to pay top prices but enjoy strong rental demand from expats and wealthy locals.
Arabkir balances quality and affordability. This developed neighborhood features parks, schools, shopping centers, and good transport links. Property values appreciate steadily while remaining more accessible than in Kentron.
Malatia-Sebastia attracts middle-class families. Large residential complexes, markets, and public services create a self-contained community. Prices sit below Arabkir, offering value for long-term holders.
Kanaker-Zeytun shows growth potential. Newer developments spread across this eastern district. Lower entry prices appeal to first-time buyers and investors betting on appreciation.
Avan offers affordability with space. Houses dominate this northern area. Families seeking gardens and quiet surroundings gravitate here. Prices remain among Yerevan’s most accessible.
Beyond Yerevan, cities like Gyumri, Vanadzor, and Dilijan present opportunities. Regional property costs a fraction of capital prices. Tourism-focused towns like Dilijan and Sevan attract vacation rental investors.
Real Estate Investment Paths to Armenian Residency
Property ownership can support residency applications. Convert your investment into an active rental business by registering a legal entity, leasing property through your company, and generating documented income.
Requirements include company registration, proof of ownership, Armenian bank account, business activity documentation (invoices, contracts, tax filings), and migration service application.
Temporary permits grant one-year stays, renewable annually. After three years, permanent residency becomes available. Another three years qualify you for naturalization.
Consult immigration lawyers before purchasing with residency goals.
Tax Changes Coming in 2026: What Buyers Should Know
Armenia reformed property taxes in 2024-2025. Starting January 2026, taxes will be based on market values instead of cadastral assessments.
Current rates: 0.1-0.3% for residential, 0.5-1.0% for commercial, 0.05-0.5% for land. The 2025 tax year applied 75% of the new calculations. Full rates take effect in 2026.
A 10% rental income tax was launched in 2024. Landlords pay quarterly taxes on rental receipts, impacting net yields.
Individual residents pay no capital gains tax on property sales. Non-residents may face taxes depending on ownership duration. Zero inheritance tax makes Armenia attractive for estate planning.
Investment Risks and Challenges to Consider
Economic ties to Russia create vulnerability. Regional instability can impact Armenia’s economy. Diversify investments across geographies.
Currency fluctuation affects returns. The drama shows relative stability but can weaken during crises. Dollar-denominated mortgages protect against depreciation.
Language barriers complicate deals. Major agencies employ English speakers, but legal documents appear in Armenian. Translation services prevent misunderstandings.
Property title issues occasionally surface. Thorough due diligence and title insurance mitigate risks.
Rental volatility impacts income. Tenant demand shifted significantly during 2022-2024 with Russian migration patterns.
Liquidity limits mean slower sales. Finding buyers at desired prices may require months, especially for premium properties.
Why International Buyers Choose Armenian Real Estate
Affordability attracts investors. Yerevan prices remain a fraction of European capitals. Quality apartments cost under $100,000, houses under $200,000.
High returns deliver 6-8% net rental yields, exceeding most Western markets. Vacation rentals push returns higher.
Strategic location between Europe and Asia supports growth. Armenia’s tech hub status and manufacturing base drive development.
Cultural richness appeals to the diaspora. Over 8 million Armenians abroad invest for personal use, family connections, or national pride.
Stable legal framework protects ownership. Property rights enjoy constitutional protection with international arbitration options.
The growing economy shows 5.7-6% annual GDP growth. Technology, tourism, and manufacturing sectors expand, creating jobs and wealth.
Final Thoughts
MyRealty.am Armenia real estate platform, simplifies property search in a growing market. The country’s combination of affordable prices, strong rental yields, full foreign ownership rights, and favorable tax treatment creates compelling investment opportunities.
Market data shows steady appreciation across Yerevan neighborhoods. While challenges exist, proper due diligence and professional guidance help navigate the process successfully.
Whether you seek rental income, capital appreciation, or a second home, Armenia’s property market deserves consideration. Start exploring listings on MyRealty.am, connect with established agencies, and evaluate opportunities that match your investment goals.
FAQs
Can foreigners buy property in Armenia without restrictions?
Yes. Foreign nationals enjoy identical ownership rights as citizens for residential and commercial properties. Agricultural land requires ownership through a registered entity. No citizenship or residence requirements apply.
How much does an apartment cost in Yerevan?
Central Yerevan apartments average $2,200-2,400 per square meter. A 60-square-meter two-bedroom costs $132,000-144,000. Peripheral neighborhoods like Nubarashen offer units at $600-800 per square meter ($36,000-48,000 for a similar size).
What rental income can investors expect?
Gross yields average 7.8% citywide, with 6% net after expenses. Central districts attract stable tenants. Peripheral areas and vacation rentals can exceed 8% gross.
