Real Estate in Armenia for Foreigners

What foreigners can own in Armenia

Armenian law is foreigner-friendly: apartments and commercial property are owned freehold by foreign citizens directly. Agricultural land is the exception — it can only be held through an Armenian legal entity, which we can register for you in days. There is no residency requirement to buy.

• Apartments: direct freehold ownership by foreigners
• Commercial property: offices, retail, hospitality — direct ownership
• Agricultural land: only through an Armenian legal entity
• Property purchase can support a residence application on investment grounds (minimum value applies)

The Yerevan market in brief

Yerevan offers modern new builds in the center, Ajapnyak, Arabkir and Avan. After the post-2022 boom, the rental market has stabilized: a one-bedroom in the center runs roughly $500–900 per month. Prices and availability move quickly; we pull live market data for your budget rather than quoting stale averages.

Legal due diligence: what we check

The most common risks for foreign buyers are not prices but paperwork. Before any deposit is paid, we verify the title chain, encumbrances and arrests in the cadastre, outstanding utility debts, the seller's authority to sell, and — for new builds — the developer's permits and completion status. You receive a written due-diligence summary in your language.

• Title history and cadastre records
• Encumbrances, mortgages and arrests on the property
• Utility debts and building management issues
• Developer permits for new construction
• Seller identity and authority to sell

Transaction process step by step

From shortlist to keys: we arrange viewings (in person or video), negotiate terms, draft a bilingual sale-purchase agreement, coordinate the notary and cadastre registration, and settle payments through a traceable bank route. Remote buyers sign via a power of attorney that we prepare with the exact scope needed. Timelines depend on the property and registration queue; we confirm realistic dates for your deal.

• Step 1 — requirements briefing and shortlist with viewings
• Step 2 — due diligence report and go/no-go decision
• Step 3 — bilingual contract, notary and payment route
• Step 4 — cadastre registration and key handover
• Step 5 — utilities, internet and address registration setup

After the purchase

We set up utility contracts and internet, register the address, and — if you want rental income — connect you with management options. If the purchase supports a residence permit application on investment grounds, our residence team picks up the same file without retelling your story. Property, banking and residence stay in one set of hands.