53% of the apartment housing is concentrated in the capital of Armenia – Yerevan. During Soviet times, Yerevan underwent massive reconstruction to make wide, neo-classical avenues reminiscent of Paris, Vienna and Saint Petersburg. Despite this fact the fully-formed historical planning of streets remained almost unaffected by reconstruction.
Nowadays, small quarters with historical low-rise buildings so treasured by urbanists and local residents are preserved in the city center. In the early 2000s, several high-rise buildings appeared in the “heart” of Yerevan, but the main newly-built housing fund is concentrated around the city center in order to save the historical part of Yerevan.
Most expats live in the centre of Yerevan, which is very compact and beautiful, with endless dining and entertainment options. The city centre is divided into two hubs: the grand Republic Square and the elegant Opera district (Opera House, Freedom Square and Swan Lake Park).
Below is a table reflecting average housing prices for different types of property in Erevan*:
||4+ bedrooms / townhouse
* These are average rental prices which are applicable only for long-term rent, vary on location and apartment type/class and does not include utilities or other expenses applicable.