Current real estate law is relatively liberal. Foreigners (those without Armenian citizenship) may buy any part of a building (apartment, office) outright, and can lease land for up to 99 years. Foreigners of Armenian descent, can apply for a 10-year visa which allows the outright purchase of land. Locally registered businesses, which can be wholly owned by foreigners, can also purchase land outright.

The center of Yerevan, which is an extremely centralized, is the most expensive real estate in the country, followed by outlying parts of Yerevan, outlying towns near Yerevan (such as Ejmiatsin and Ashtarak), and then other cities and towns, such as GyumriVanadzor and Dilijan. Land is dirt cheap in many parts of the country, and for those willing to settle in Karabakh, potentially free.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s