The answer is yes. Foreigners can buy real estate in Armenia, and this makes the country attractive for residence and investment. The Armenian government doesn’t restrict foreigners from purchasing residential or commercial real estate, except for agricultural land, which has certain restrictions and special procedures to buy.
Practical steps for real estate acquisition
Property selection: Choose a property that suits your requirements and budget.
Negotiations with the seller: Negotiate the price and terms with the seller.
Document verification:Check all property documents to make sure that they are legal and the property is debt-free.
Drawing up and conclusion of the contract: In order to purchase the real estate, draw up and sign the agreement.
Payments: Make all necessary payments, including the property value and additional costs (e.g. notary fees).
Note: You don’t need to permanently live in Armenia, in order to purchase real estate. You can own property and use it whenever you visit Armenia, whether for tourism, business, or other purposes.
Advantages of buying real estate for foreigners
Developed economy: Armenia’s economy is stable and growing, thus offering profitable investment opportunities.
High-quality education: The Armenian education system is known for its high standards.
Culture and healthcare: Armenia has a rich cultural heritage and a developed healthcare system.
Business opportunities: Foreigners can easily set up and develop their businesses in Armenia.
Purchasing real estate in Armenia provides a stable investment and high standard of living, making the country attractive to foreigners.
Premium class real estate in the center of Yerevan
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