New Buildings in Yerevan 2026: Market Review, Prices, Installments

By WSE.AM editorial team, edited by Mark Muzyka · Updated 12 October 2026

A full review of Yerevan's new-build market in 2026: residential complexes under construction, prices per square meter, installment plans and completion stages.

New Buildings in Yerevan 2026: Market Review, Prices, Installments

How much do new-build apartments in Yerevan cost, and how do installments work?

Short answer: the price of a new-build apartment in Yerevan depends on the building's class. Economy class costs $700-1,200 per square meter and is built in Avan, Malatia-Sebastia and Nor Nork. Comfort class costs $1,200-2,000 per meter, in Davtashen, Achapnyak and Shengavit. Business class costs $2,000-3,500 per meter in Arabkir, parts of Kentron (the city center) and Davtashen. Premium starts at $3,500 per meter and is concentrated in Kentron and Nork-Marash. Per apartment: an economy studio costs $25,000-40,000, a 2-room comfort-class apartment $90,000-160,000, and a 2-room business-class apartment $180,000-300,000 (in Armenia a 2-room apartment usually means a living room plus one bedroom). A developer installment plan usually looks like this: a 20-30 percent down payment, a term of 2-4 years, 0 percent or 3-5 percent a year, a decision in one or two days and no credit history check. The earlier the construction stage, the lower the price: at the foundation pit stage the discount reaches 20-30 percent, but so does the risk. Before buying, check that the developer has rights to the land, a building permit and at least one completed building you can see in person.

Yerevan's new-build market in 2026

The new-build market in Yerevan has been growing actively in recent years. In 2024-2026 alone, more than 50 residential complexes of different classes have been announced or are under construction in the Armenian capital.

The main growth drivers: - An inflow of people after 2022 - More investment in real estate - Better lending programs - Demand from foreign buyers

New buildings by class

### Economy class - Standard layouts, basic finish - Prices: $700-1,200 per m² - Locations: Avan, Malatia-Sebastia, Nor Nork

### Comfort class - Improved layouts, landscaped grounds - Prices: $1,200-2,000 per m² - Locations: Davtashen, Achapnyak, Shengavit

### Business class - Spacious layouts, panoramic windows, concierge - Prices: $2,000-3,500 per m² - Locations: Arabkir, part of Kentron, Davtashen

### Premium and elite class - Custom layouts, spa, swimming pool, 24/7 security - Prices: from $3,500 to $10,000+ per m² - Locations: Kentron, Nork-Marash

All new buildings in Yerevan

New-build prices in 2026

Economy class: - Studio, 30-35 m²: $25,000-40,000 - 1-room: $35,000-65,000 - 2-room: $50,000-90,000

Comfort class: - Studio: $40,000-70,000 - 1-room: $60,000-110,000 - 2-room: $90,000-160,000

Business class: - 1-room: $120,000-200,000 - 2-room: $180,000-300,000 - 3-room: $250,000-450,000

Premium and elite: - 2-room: from $300,000 - Penthouses: $800,000-3,000,000

Developer installment plans

### Standard program: - Down payment: 20-30% - Term: 2-4 years - Interest: 0% or 3-5% a year

### Flexible programs: - Down payment: 10-20% - Term: 3-5 years - Early repayment allowed

### Advantages of installments: - No credit history check - Minimal interest - Fast approval: 1-2 days

How to check a developer

1. Company history: 10+ years on the market 2. Completed projects: visit them in person 3. Land documents: ownership or lease 4. Building permit: mandatory 5. Reviews: forums, social media, Google 6. Current progress: visit the construction site

Construction stages and prices

1. Foundation pit: 20-30% discount, maximum risk 2. Walls going up: 15-25% discount 3. Shell complete: 10-15% discount 4. Interior works: 5-10% discount 5. Building handed over: 0-5% discount, minimum risk

Finishing options in new buildings

### No finish (black box) - Bare walls, renovation costs $250-500 per m²

### Pre-finish (white box) - Plastered walls, completing the finish costs $150-300 per m²

### Turnkey - Full finish, +$200-400 per m² on top of the base price

Tips for buyers

1. Do not save on a lawyer. 2. Read the shared construction (equity participation) agreement. 3. Fix the price in the contract. 4. Visit the construction site regularly. 5. Make all payments only under an official contract. 6. Buy from well-known developers.

Conclusion

Yerevan's new-build market in 2026 is active and offers a wide choice. WSE.AM brings together current offers from verified developers.

We work with five projects: Gyurjan Cascade in Nor Nork, Firdus Prime Residence in Kentron, HAY VIEW and the completed Antar in Arabkir, and Dilijan Apart Hotel in Dilijan. Each project page has current prices, floor plans and available apartments.

All new buildings in Yerevan | Apartments for sale | Apartments for rent

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Besides Yerevan, we cover new buildings in Batumi: four projects by one developer on the Black Sea, with prices and availability from the developer's price list. See the full price list by layout.

_Photo: Anna Rogozhina, CC BY 2.0, Wikimedia Commons. Image resized._

Frequently asked questions

How much does a square meter cost in an economy-class new building in Yerevan? From $700 to $1,200 per square meter. These buildings go up in Avan, Malatia-Sebastia and Nor Nork, and a 30-35 square meter economy studio costs $25,000-40,000.

What installment terms do Yerevan developers offer? Usually a 20-30 percent down payment, a term of 2-4 years and 0 percent or 3-5 percent a year. There are flexible programs with a down payment from 10 percent and a term of up to 5 years, and the decision takes one or two days with no credit history check.

How much cheaper is it to buy at the foundation pit stage? The discount at the foundation pit stage reaches 20-30 percent, but the risk is also at its highest. As construction progresses the discount shrinks: when the shell is complete it is 10-15 percent, and at handover it is 0-5 percent.

What should I check about a developer before buying a new-build apartment? Land documents, the building permit and at least one completed building you can see in person. It also helps to look at the company's history, reviews and current progress on site, and to make all payments only under an official contract.