Investment Property in Yerevan

Investment Real Estate in Yerevan

Yerevan property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Yerevan.

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Search Map of Yerevan Investment Real Estate

Yerevan ( YERR-ə-VAN, -⁠VAHN, Armenian: Երևան [jɛɾɛˈvɑn] (listen), sometimes spelled Erevan) is the capital and largest city of Armenia and one of the world’s oldest continuously inhabited cities. Situated along the Hrazdan River, Yerevan is the administrative, cultural, and industrial center of the country. It has been the capital since 1918, the fourteenth in the history of Armenia and the seventh located in or around the Ararat plain. The city also serves as the seat of the Araratian Pontifical Diocese; the largest diocese of the Armenian Apostolic Church and one of the oldest dioceses in the world.

The history of Yerevan dates back to the 8th century BC, with the founding of the fortress of Erebuni in 782 BC by King Argishti I at the western extreme of the Ararat plain. Erebuni was “designed as a great administrative and religious centre, a fully royal capital.” By the late ancient Armenian Kingdom, new capital cities were established and Yerevan declined in importance. Under Iranian and Russian rule, it was the center of the Erivan Khanate from 1736 to 1828 and the Erivan Governorate from 1850 to 1917, respectively. After World War I, Yerevan became the capital of the First Republic of Armenia as thousands of survivors of the Armenian Genocide in the Ottoman Empire arrived in the area. The city expanded rapidly during the 20th century as Armenia became part of the Soviet Union. In a few decades, Yerevan was transformed from a provincial town within the Russian Empire to Armenia’s principal cultural, artistic, and industrial center, as well as becoming the seat of national government.

With the growth of the Armenian economy, Yerevan has undergone major transformation. Much construction has been done throughout the city since the early 2000s, and retail outlets such as restaurants, shops, and street cafés, which were rare during Soviet times, have multiplied. As of 2011, the population of Yerevan was 1,060,138, just over 35% of Armenia’s total population. According to the official estimate of 2016, the current population of the city is 1,073,700. Yerevan was named the 2012 World Book Capital by UNESCO. Yerevan is an associate member of Eurocities.

Of the notable landmarks of Yerevan, Erebuni Fortress is considered to be the birthplace of the city, the Katoghike Tsiranavor church is the oldest surviving church of Yerevan and Saint Gregory Cathedral is the largest Armenian cathedral in the world, Tsitsernakaberd is the official memorial to the victims of the Armenian Genocide, and several opera houses, theatres, museums, libraries, and other cultural institutions. Yerevan Opera Theatre is the main spectacle hall of the Armenian capital, the National Gallery of Armenia is the largest art museum in Armenia and shares a building with the History Museum of Armenia, and the Matenadaran repository contains one of the largest depositories of ancient books and manuscripts in the world.

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The financial stability of Yerevan has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Yerevan

Renting out your Yerevan buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Yerevanare – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Yerevan and be prepared to change your initial outlook.
Thoroughly research the Yerevan location with a special emphasis on fringe areas outside the main Yerevan metropolis that may be valued lower than their better-known neighbours. Rental yields of around 5% are still attainable in certain areas of Yerevan.
Ensure that your target investment property in Yerevan appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Yerevan properties yourself is an easy option, but are these savings justifiable when you run into Yerevan red tape? Physis Realty Yerevan office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Yerevan buy-to-rent sector.

With our expert guidance, investing in Yerevan provides the secure knowledge that your money is working harder than it would in a local Yerevan bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Yerevan, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Yerevan property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Yerevan

Flipping property in Yerevan

Flipping property is when we advise clients to buy a Yerevan property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Yerevan market has a time to react to the renovation.

The Flipping Strategy in Yerevan

Investment property flipping in Yerevan is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Yerevan real estate investments are sometimes referred to by professionals as ‘distressed’ Yerevan real estate.

What is distressed Yerevan property:

Yerevan property in need of renovation
Yerevan real estate with a change of puropose and use
Oversold Yerevan property
Bank repossessions in Yerevan

Put simply, long term investors in Yerevan purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Yerevan investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Yerevan property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Yerevan use a minimum profit value of 22% when looking at potential Yerevan projects. The reason for this is because there are lots that can go wrong in Yerevan property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Yerevan

For luxury property investors hoping to add a superb property in {AsainCity} to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Yerevan, Physis Realty caters particularly to high net-worth individuals and families in Asia. A luxury real estate investment in Yerevan should be entrusted to only the highest-quality agency.

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