Price Changes in New Constructions in Armenia: 2023-2024 Analysis

Historical snapshot — clarified July 29, 2026: The figures below compare Karucapatoxic project snapshots from December 2023 and November 2024. For each district, the article calculated the median of projects' numeric minimum advertised prices per m²; records without a district or numeric minimum were excluded, and USD entries were converted at 390 AMD/USD. These are archived asking-price indicators—not registered transaction prices or current full-market averages. Project coverage also changed between snapshots.

For current tracked-project asking prices and today's methodology, use the live price table. For registered-market data, use the Cadastre Committee's official market analyses.

The comparison below preserves what the two archived site snapshots showed; words such as “current” and “now” have been replaced with the actual November 2024 reference date.

Yerevan

Central Districts

The largest change in this archived comparison was in Kentron, where the median minimum advertised price rose by 97,500 AMD/m² to 1,072,500 AMD/m² in the November 2024 snapshot.

Northern Districts

• Arabkir: +19,500 AMD/m²; November 2024 snapshot: 721,500 AMD/m²
• Nor Nork: +30,000 AMD/m²; November 2024 snapshot: 460,000 AMD/m²
• Kanaker-Zeytun: -23,250 AMD/m²; November 2024 snapshot: 540,000 AMD/m²

Western Districts

• Davtashen: +65,000 AMD/m²; November 2024 snapshot: 575,000 AMD/m²
• Ajapnyak: -29,000 AMD/m²; November 2024 snapshot: 440,000 AMD/m²

Other Districts

• Shengavit: +25,000 AMD/m²; November 2024 snapshot: 495,000 AMD/m²
• Avan: -45,000 AMD/m²; November 2024 snapshot: 475,000 AMD/m²
• Malatia-Sebastia: no change; November 2024 snapshot: 550,000 AMD/m²

Regional Developments

Other Notable Regional Changes:

• Artashat (Ararat): +49,500 AMD/m²; November 2024 snapshot: 420,000 AMD/m²
• Abovian (Kotayk): -35,000 AMD/m²; November 2024 snapshot: 345,000 AMD/m²
• Tsakhkadzor (Kotayk): -10,000 AMD/m²; November 2024 snapshot: 510,000 AMD/m²
• Dilijan (Tavush): no change; November 2024 snapshot: 610,000 AMD/m²