Question 1

How much does it cost to buy an apartment in Nor Nork, Yerevan?

Accepted Answer

Half of the listings in this selection cost more than $141,420 and half cost less. Nine out of ten are between $105,138 and $302,000. This is the median of our current listings, not the average, because a few very expensive listings push the average up.

Question 2

How many options are available now?

Accepted Answer

There are 12 listings in this selection. The list comes from the WSE.AM database: a listing disappears as soon as it is rented or sold, so there are no outdated offers here.

Question 3

What size are the apartments in this selection?

Accepted Answer

A typical apartment is 72 m², about $2,107 per square metre. In Armenia rooms are counted including the living room, so a 2-room apartment usually has one bedroom.

Question 4

Is this more or less expensive than the district average?

Accepted Answer

More expensive by about 10%: the median of all apartments in the district is $128,634, in this selection it is $141,420. Both figures come from the same database, so they can be compared directly.

Question 5

How is a new building different from an older one?

Accepted Answer

Modern utilities, a lift, more often underground parking and security, higher ceilings. In return, the building maintenance fee is usually higher than in Soviet-era panel buildings. The apartments in this selection are in new buildings but are sold or rented by their owners, not by the developer.

Question 6

Can a foreigner buy an apartment in Yerevan?

Accepted Answer

Yes, on the same terms as an Armenian citizen: there are no restrictions on foreigners buying apartments. You need a passport and either attend the deal or give a power of attorney. We check the documents and support the deal and the registration at the Cadastre.