10 reasons to buy real estate in Yerevan
Buying real estate in Armenia is a great choice for locals, Diaspora Armenians, and foreigners alike. In this article we will present 10 reasons why investing in property in Armenia, especially in the capital city of Yerevan, is a good idea.
1. Price growth perspective: In the last 5 years, market prices have increased by 8-9%. This trend creates favorable and profitable conditions for long-term investments.
2. Stable rental income: The yield from renting an apartment is around 5% annually, while short-term rentals can generate up to 9%, and the profit from renting commercial real estate reaches 10-12%.
3. Minimal risk and inflation protection: Investing in commercial, residential, budget, or luxury properties makes your investments less vulnerable. Real estate can always be successfully resold.
4. No taxes for Inheritance, donation, or capital gains.
5. Unrestricted ownership benefits for foreigners: Foreign citizens are considered full owners of real estate in Armenia. Like residents, foreigners can fully manage their property (buy, sell, rent, or bequeath). Read more here Can foreigners buy real estate in Armenia?
6. Simple real estate registration process: The real estate registration process typically takes 7-8 working days. Another advantage is that purchase and sale transactions can be completed remotely through a legal representative with a notarized order.
7. Developed infrastructure: All communities in Yerevan have convenient access to schools, kindergartens, parks, shops, supermarkets, entertainment, and shopping centers, all within a few steps.
8. Unique climate: Although Armenia is small in size, it has 3 climate zones (subtropical, temperate, and continental) and 6 climate zones within its borders. The capital Yerevan has a continental climate, with cold winters and hot summers.
9. Resort and tourist potential: In recent years, Armenia has seen a steady increase in tourist numbers. The country attracts tourists worldwide not only with its landscapes, national parks, rich history, and culture, but also specialized tours according to one’s interest (in addition to classic tours, gastronomic and wine tours, extreme tours). Purchasing real estate near popular attractions offers not only a comfortable corner, but also a chance to earn rental income.
10. Security: According to Numbeo, the world's largest online data platform, Yerevan has ranked among the 20 safest cities globally for several years. In 2024, Armenia ranked 20th out of 329 cities, making it the safest country in the South Caucasus. In the "Global Peace Index” list, published by the IEP (Institute of Economics and Peace), Armenia ranked 54th worldwide and 2nd in the region, with positive improvements over the last 10 years.
Take a step towards your secure future. Investing in real estate is a stable, reliable, and profitable choice.