Kentron: The central area of Yerevan stands out as the most prestigious and attractive part of the city. It hosts administrative and governmental institutions, cultural and entertainment venues, hotels, restaurants, cafes, parks, and branded stores. Due to these factors, real estate in the centre of Yerevan has the highest prices, maintaining demand and stable value. The average cost of one square meter ranges from $2000 - 7000, depending on the building's location and the condition of the real estate, and the rental property provides a consistent income.
Arabkir: This district of Yerevan is close to the city center and boasts developed infrastructure. Arabkir is usually the preferred choice for families and students, which makes it highly attractive for long-term rental properties.
Davtashen: This district is known for its tranquility and safety. There are a lot of green spaces, modern residential complexes, new multi-apartment buildings, and necessary amenities for comfortable living. Owing to all of these, Davtashen is also highly suitable for long-term investment.
Conclusion
Renting out real estate in the centre of Yerevan has consistently maintained high demand, which means that investing in acquisition of property can provide stable and long-term income. To optimize the effectiveness of investment, it’s necessary to purchase real estate in developing and in-demand administrative regions like Kentron, Arabkir, and Davtashen.
