ArmInfo. The average market price of apartments in the regions of Armenia increased by 12.9% per annum in the first quarter of 2025, reaching 162.3 thousand drams / 1 sq.m.
According to data from the State Committee of the Real Estate Cadastre, the highest prices for apartments in the regions are traditionally found in the resort town of Tsaghkadzor - 459.5 thousand drams / 1 sq.m. on average, with an annual growth of 4.5%. Following Tsaghkadzor is Abovyan - 324.7 thousand drams / 1 sq.m., with an annual growth of 13.4%. The top three is completed by the city of Vagharshapat, where the cost of a square meter of an apartment is 287.4 thousand drams, with an annual growth of 13.3%. The lowest prices for apartments are recorded in the Tumanyan community (Lori region) - 27.3 thousand drams / 1 sq. m. (with an annual growth of 3%). Slightly higher prices can be seen in Akhtala (Gegharkunik region) - 45.2 thousand drams / 1 sq. m. (with an annual decline of 3.8%), and Chambarak (Lori region) - 54.5 thousand drams / 1 sq. m. (with an annual growth of 16.5%). According to the source, the number of transactions for the purchase and sale of apartments in the regions of the country increased by 2.9% year- on-year to 978. However, the majority of transactions in the regions of the country were transactions for the purchase and sale of land, accounting for 64.7% or 5,265 transactions, with an annual decline of 2.9%.
In total, 1,559.17 hectares of land were sold and purchased, with 85.1% being of agricultural significance. The next most common transactions in the regions were the purchase and sale of private houses - 1,132 or 13.9% (with an annual decline of 18.3%), garages - 422 or 5.1% (with an annual decline of 37.7%), public buildings - 247 or 3% (an annual decline of 14.2%), and industrial buildings - 94 or 1.1% (an annual decline of 18.3%). Rental transactions in the regions of Armenia decreased by 8% over the year - to 1,154. The majority of these transactions were for land lease - 45.8% or 529 (an annual increase of 3.1%), and public buildings 43.9% or 507 (an annual decline of 6.5%). Industrial buildings lease were next at 7% or 81 (annual decline of 12.9%), followed by garages - 1.3% or 15 (annual decline of 12.5%), private houses - 1.2% or 14 (annual decline of 33.3%), and apartments - 0.7% or 8 (annual decline of 14.2%). In the first quarter of 2025, a total of 38,451 real estate transactions were made in the regions of Armenia marking a 6.4% decrease compared to the previous year. Out of these transactions, h 21.2% or 8138 were purchase and sale transactions.
