Question 1

How much does it cost to buy an apartment in Shengavit, Yerevan?

Accepted Answer

Half of the listings in this selection cost more than $147,500 and half cost less. Nine out of ten are between $96,329 and $280,000. 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 16 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 The list comes from the WSE.AM database: a listing disappears as soon as it is rented or sold, so there are no outdated offers here.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 89 m², about $1,811 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 18%: the median of all apartments in the district is $124,500, in this selection it is $147,500. Both figures come from the same database, so they can be compared directly.

Question 5

Is the balcony glazed and insulated?

Accepted Answer

It varies. In buildings of recent years the balcony is more often glazed; in older buildings open balconies are common. You can see it in the photos, and if the photos do not show it, ask the agent before the viewing and we will check with the owner.

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.