Armenia
Real Estate in Armenia
Last updated on Oct 01, 2023
Summary: An expat looking to buy a home in Armenia should begin by researching the local real estate market. They should look for listings on websites such as Zillow, Trulia, and Realtor.com, as well as local real estate agents. Homes in Armenia typically include amenities such as central heating, air conditioning, and modern appliances. Many homes also have balconies, terraces, and gardens. Foreigners are allowed to purchase property in Armenia, but there are certain restrictions. For example, foreigners are not allowed to purchase agricultural land or land located in border areas. Additionally, foreigners must obtain a permit from the Ministry of Justice in order to purchase property.
Should I buy or rent a home in Armenia?
If you have not spent a lot of time in Armenia, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"We rent a 3-Bdrm 2-BA (unusual) apartment with a roof garden in the center of the city for $700 a month," remarked one foreigner who made the move to Yerevan.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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