Apartment Prices in Yerevan in 2026: Price per Square Metre by District

The price of an apartment in Yerevan depends mainly on the district, the building's class and condition, and whether it is a new build or resale (secondary market).

In this blog, we have gathered the average values per square metre by district, sourced from the Real Estate Market Analysis of the Real Estate Cadastre Committee of the Republic of Armenia (first half of 2026).

As expected, central districts, including Kentron, have a higher price threshold than other areas.

The figures presented are averaged and serve for guidance only; please verify exact prices with the seller.

What affects an apartment price in Yerevan

Many people think that the price of an apartment depends only on its area. In reality, the final value is determined by a combination of several factors.

The foundation of apartment pricing is the location of the building, or simply put, the district. Apartments in central and in-demand districts traditionally have a higher price. If you are considering more budget-friendly options, non-central but developing districts are more suitable.

The status of the building also affects the price. New builds are equipped with modern engineering solutions and new infrastructure, which increase the value of the apartment. Secondary market properties, in turn, are attractive for those who want to buy a ready-made apartment at a relatively affordable price.

The class of the building is also an important factor. If the building is constructed to premium standards, features underground parking, security systems, maintenance services, and other advantages, it is natural that acquiring an apartment in such a building will require a larger investment.

The position and view from the apartment also carry significant weight. For example, apartments located on middle floors with a beautiful panoramic view or windows facing a courtyard are significantly more attractive to buyers and therefore have a higher value.

The condition of the apartment at handover also directly affects the price. An apartment with zero finishing is more affordable, but requires additional time and investment for renovation. Conversely, finished apartments are more expensive, but in some cases save you from the need for renovation.

It is also important to pay attention to the calculation method of the area. For example, whether open balconies are included in the stated square metres or only internal residential areas are calculated, as this difference can change the final price.

Price per square metre by district

When making a decision in the real estate market, one of the most important factors is the location of the building, which determines not only comfort, but also the value of the property.

According to official sources, in the first half of 2026 alone, more than 9,000 apartments were sold in multi-apartment buildings in Yerevan, more than half of which were bought directly from developers.

Let's examine the average prices across different administrative districts.

Central districts, including Kentron

The highest apartment prices in Yerevan are traditionally recorded in Kentron and Arabkir administrative districts. This is no coincidence, as they feature central locations, developed infrastructure, and everything needed for an active and busy daily life.

This trend clearly continued in the first half of 2026.

You can find more detailed information on prices by separate zones of Kentron and Arabkir in the official source.

Other districts

The demand for apartments is also steadily growing in districts located at a certain distance from Kentron, such as Davtashen, Malatia-Sebastia, and Ajapnyak. In these districts, you can find more accessible and flexible options, especially suitable for family life.

Let's review the average prices per square metre across all districts in descending order:

Just like in central districts, in this case, besides average prices, you can also view prices by individual zones in the official source.

How the data was collected

The data is taken from the official report of the Cadastre Committee for the first half of 2026. To clarify market dynamics and growth trends in certain segments, data from the first and second halves of 2025 was also examined.

To obtain the most accurate average values possible, data collection and processing were carried out using clear methods:

• Calculations are based on actual prices of transactions that have undergone state registration, rather than existing listings or offers in the market.

• For statistical accuracy, transactions with extreme deviations from the average price, as well as non-market transactions of donation or exchange, were excluded from the total calculation.

New build versus resale prices

Apartments in new builds generally have a higher value. This is logical: new buildings feature fresh infrastructure, are built with modern engineering, and are equipped with advanced systems.

The secondary market also has its advantages. The biggest one is acquiring a ready-made apartment in an already developed district without waiting for construction to finish or incurring extra expenses.

The official source does not make a clear price distinction between new builds and the secondary market; the published data is general and averaged.

How prices have changed

In recent years, the demand for apartments in Yerevan, especially in the new-build segment, has been growing steadily. This naturally leads to price shifts.

Let's compare price changes across all administrative districts of Yerevan between the second half of 2025 and the first half of 2026 in descending order of prices.

Let's also look at price growth percentages in the same order (comparing the second half of 2025 and the first half of 2026):

Costs beyond the price

When buying a new-build apartment from a developer, many people calculate only the price of the apartment as an expense. In reality, there are other costs that are important to consider in advance to properly plan your budget.

State registration

A fee of AMD 25,000 and a state duty fee of AMD 1,000 are charged for registering ownership rights. The ownership certificate is provided within 4 working days.

Registration can also be done on an expedited basis with different fees; learn more about the details via the following link.

Notary costs

To notarize the apartment sale contract, you need to visit a preferred notary office. A state duty of AMD 5,000 is required to conclude the contract.

It is also necessary to pay for notary services, the price of which can range between AMD 10,000 and 15,000. Read more about this via the following link.

Interior finishing

Most new builds are handed over in zero or preliminary condition, so funds are also needed for finishing. When calculating the budget, two main expenses must be kept in mind: purchasing finishing materials and paying specialists.

Furnishing and appliances

To turn the apartment into a home, you will need kitchen appliances, bedroom and living room furniture. This also requires a significant budget depending on your personal taste and preferences.

Building maintenance

After moving into the building, monthly payments will also need to be made for cleaning, elevator operation, security, and maintenance of green areas. These payments ensure cleanliness and comfort for all residents of the complex.

How to estimate your budget

Do you want the process of buying an apartment in a new build to be smooth and free of financial surprises? Always make preliminary calculations before taking any steps.

First, the overall budget is generally formed by a simple formula: the area of the apartment multiplied by the price per square metre (from S3), plus all necessary additional costs.

If you plan to use a mortgage for the apartment, use a mortgage calculator for preliminary calculations to figure out monthly payments. Once the apartment value part is clear, proceed to calculate costs related to state registration.

Taking into account the condition of your chosen apartment at handover, also calculate the interior finishing budget, including material costs and specialist remuneration. Finally, calculate costs related to furnishing and appliances according to your preferences and needs.

FOUNDER projects

Have you already made the decision to buy an apartment from a developer? Find your future home among FOUNDER's projects:

• Da Vinci Clubhouse: A club-format project in downtown Yerevan (Kentron). In the complex, you will find not only apartments built to premium standards, but also high-end service, a gym, a spa, concierge service, and exclusive amenities that ensure a unique quality of life.

• Tichina 5: A family and landscaped complex in Malatia-Sebastia. Featuring a children's playground and green areas, the complex is a safe and comfortable environment for family life.

Discover all our projects via the following link.