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An overview of Armenia’s 2025 real estate market, highlighting transaction patterns, regional differences, price changes, foreign investment trends, and the forecast for 2026.

Armenia’s real estate market saw a 12.88% increase in transactions in 2024, with significant growth in Yerevan and regional areas. Read the full analysis to explore investment opportunities and market trends.

Discover key insights and trends in the Armenian real estate market from 2019 to 2023. Our analysis covers transaction volumes, pricing dynamics, property types, and more, offering valuable information for investors and stakeholders.

Grant Thornton's recent analysis of the real estate market in Armenia, is mainly based on the review of historical data. The report, available in Armenian and English languages, is an independent, objective, comprehensive and trusted study intended to help both individuals searching for data and real estate market time series analysis, as well as persons and organizations involved in the real estate market who need not only pure data or statistics, but also analysis of the transactions in the market and the types of real estate.

Grant Thornton's recent analysis of the real estate market in Armenia, is mainly based on the review of historical data. The report, available in Armenian and English languages, is an independent, objective, comprehensive and trusted study intended to help both individuals searching for data and real estate market time series analysis, as well as persons and organizations involved in the real estate market who need not only pure data or statistics, but also analysis of the transactions in the market and the types of real estate.

Grant Thornton's recent analysis of the real estate market in Armenia, is mainly based on the review of historical data. The report, available in Armenian and English languages, is an independent, objective, comprehensive and trusted study intended to help both individuals searching for data and real estate market time series analysis, as well as persons and organizations involved in the real estate market who need not only pure data or statistics, but also analysis of the transactions in the market and the types of real estate.

Grant Thornton's recent analysis of the real estate market in Armenia, released in July 2019, is mainly based on the review of historical data. The report, available in Armenian and English languages, is an independent, objective, comprehensive and trusted study intended to help both individuals searching for data and real estate market time series analysis, as well as persons and organizations involved in the real estate market who need not only pure data or statistics, but also analysis of the transactions in the market and the types of real estate.

While the property market remains buoyant, too many investors base their decisions on gut feel, which could lead to missed opportunities.

Soft power and gut instinct is driving an estimated US$250bn per year in overseas real estate investment, showing that feeling rather than data analysis determines many investment decisions.

In the years leading up to the financial crisis, investors from developed economies poured money into emerging economies looking for big returns from in the world's fastest growing markets. But now investment is increasingly flowing from 'East' to 'West' as emerging markets slow, boosting the growth prospects of real estate and construction (REC) businesses in Europe and North America.

Blog A year of risk and reward

Real estate and construction is probably not the first sector that comes to mind when you think about environmental sustainability. The construction process consumes large amounts of natural resources and energy, and can create significant waste. While the progress of development continues to add to our quality of life, the built environment is responsible for approximately two-fifths of global energy use and a third of carbon emissions. This means that, from design to demolition, the buildings in which we live, work and play have a huge impact on the environment.

Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the construction industry.

The real estate and construction sector continues to make steady progress as it recovers from a financial crisis in which investors, developers and homeowners were disproportionately hit.

I am currently at MIPIM, the annual gathering of property professionals from around the world, and can report that the mood is much improved from this time last year. Developers, property companies, investors and homeowners suffered disproportionately during the financial crisis.

Developers, property companies, investors and homeowners suffered disproportionately during the financial crisis. But now, finally, expectations for profitability, jobs and orders are all on the rise.