In parallel with the growing interest in property purchases, the market of Armenia's real estate has registered a significant 19% price growth per square meter between 2021 and 2022. The data of 2023 is not yet available, but with a simple sneak peek at the real estate market and tracking the prices, you will clearly see the stable growth of prices.
In 2018 Armenian real estate market was worth $880.4 million and is expected to reach $1,249.3 million in 2026, with a CAGR of 4.3%. Currently, there are no significant changes in prices. However, it doesn’t mean that there won’t be deflation soon. But it is impossible to make clear predictions, according to the specialists. Market developments depend on the pace of construction and state support.