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Investing in Armenian real estate.

Numbers, taxes, strategy. Compared with other markets. Real yield ranges — no promises.

Compared with other markets (as of 2026)

MarketYieldWhat to consider
Armenia3.8–7.5%Low entry point (a real deal from $50k, large-deal segment from $200k), strong segment growth, cultural and linguistic comfort for the diaspora. Trade-offs: less liquidity than Cyprus or Dubai, and a limited stock of $500k+ inventory.
Cyprus4–6%A strong investment-residency programme (from €300k), stable 4–6% yields — but the market is saturated and exposed to EU political swings.
Türkiye7–10%High operating yield (7–10%) — but lira exchange-rate risk, political volatility, and rising thresholds for residency-through-property.
UAE5–8%Strong infrastructure and a 0% income tax rate — but a high entry point ($500k+ in Dubai), with yields (5–8%) comparable to Armenia's, at substantially greater capital outlay.

Taxes and legal environment — a short briefing

Non-residents can buy property in Armenia without restrictions (with some exceptions for agricultural land). Rental income tax is 10% for individuals under the standard regime, or 1% on turnover under the simplified regime up to the applicable threshold. Tax treatment on resale depends on whether the counterparty is an individual or a legal entity — confirm with our legal team for your specific situation. More on /services/legal.

Cost of our support

3% of the transaction value, with a minimum of AMD 800 000 — for a single investment. 1.5% and a bespoke arrangement for portfolio mandates (3+ properties or $1m+). Post-purchase asset management is 5–8% of the rental, per the management tariffs (see /services/management).

How we work with investors

  1. 01

    Investment brief.

    30–60 minutes of conversation, followed by a short document: your goals, horizon, risk profile, constraints.

  2. 02

    Selection.

    We prepare 3–5 properties to your parameters, each with a financial model (5-year IRR, operating metrics, sensitivities).

  3. 03

    Deep dive on finalists.

    Legal due diligence, independent valuation, a tax opinion.

  4. 04

    Transaction support.

    Lawyers, valuers, the bank — all inside Akcern, with no jumping between contractors.

  5. 05

    After the deal.

    If the property is for rent, we move into management. The portfolio is revalued annually.

AI concierge for the investor

This page runs a dedicated concierge scenario. Enter parameters — budget, target yield, horizon — and the concierge returns two or three properties from the catalogue with a baseline yield model. This is not investment advice. It is material for a conversation with an investment adviser. The recommendation comes from a person, after full analysis.

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