Real estate prices in Armenia increased by 5.5% year-on-year – Central Bank

In the third quarter of 2025, residential real estate prices in Armenia continued to rise. Compared to the same period last year, prices increased by 5.5%, while quarter-on-quarter growth amounted to 1.9%.

According to the Residential Real Estate Price Index published by the Central Bank of Armenia, apartment prices increased by 2% during this period, whereas prices for residential houses surged by 18.6%.

The current price dynamics are largely driven by sustained buyer activity and the ongoing appeal of real estate as a capital preservation instrument. The strongest sensitivity to price growth is observed in the private housing segment, particularly in suburban areas and regions with active construction.

Sources: Banks.am, Central Bank of Armenia.