Since Armenia announced its independence in1991, most of the Armenia real estate has been privatized. The Armenia real estate law is indeed very liberal in nature. According to the Armenia real estate law even person without an Armenian citizenship is eligible for buying properties in the country and can also lease the land, apartment or other properties for nearly 100 years. The people of Armenian descent staying outside Armenia can apply for a 10-year visa. This visa makes them eligible for purchasing land and other properties. A foreigner who owns a locally registered business is also allowed to buy land in the country.
Armenia real estate price structure
The most expensive real estate in the country is the center of Yerevan, the capital of Armenia. Yerevan is an extremely centralized city and a large number of the total population of the country resides in this city. The outlying parts of Yerevan come in next on the Armenia real estate price list. It is next followed by the town located near the city like Ashtarak and Ejmiatsin. Gyumri, Vanadzor and Dilijan are the cities and towns where the value of Armenia real estate is very low. The cheapest of them all is in Karabakh.
Some of the most popular Armenia real estate are located in the heart of the capital city of Yerevan featuring houses, apartments, rooms, etc.
