it’s really insane how bad prices are in yerevan compared to similarly sized cities with better infrastructure and way more amenities. greedy ass landlords and corporations, unregulated bullshit housing, and indifferent politicians… perfect storm for this nonsense
Typical_Effect_9054 on
This makes it challenging for people who want to repatriate. High rents can be considered a national security issue if you think about it.
hanckerchiff on
what was needed are laws and regulations. I remember back in 2022 when Armenian families were literally getting kicked out on the streets so that the landlord can make better buck off of the Russians who were paying double/triple. Many of my friends just moved out of the country.
Chemical-Worker-4277 on
This gives an not complete picture.
Almost all of the population in Armenia wants to live in Yerevan and 33% of Armenia already lives there.
This drives prices up and that is logical, comparing cities in the EU is not realistic. In the EU there is better infrastructure in the rural areas and better facilities in smaller cities, so people want to live there.
Also almost all the infrastructure and facilities in Armenia are in Yerevan so that is a great attraction for the workforce.
Some off the industry has to move to other cities in Armenia so that people wants to live there, and are able to work.
Looking on the listings on list.am, there are lots of people that want to exchange property in rural areas that want to exchange them against apparments in Yerevan. This also does not help.
mojuba on
This is free market, people. No matter how you and I may hate the situation, rents reflect demand. Places where people want to live for whatever reason become more expensive. You can’t blame the windmills for the wind.
The government does need to intervene and regulate rents, they do need to improve infrastructure, incentivize construction, etc etc. They are not very competent in many crucial areas unfortunately, but this spike in prices I believe is temporary and I also believe we will all learn as we go, it is not an easy problem to tackle.
Lionsledbypod on
Who found an apartment in Kentron for 854 euros??
eel_on_tusk on
This isn’t what I mean when I say let’s get closer to Europe
spetcnaz on
Amazing isn’t it?!
fitstand8 on
Yerevan being more expensive than Leipzig is fucking insane
LotsOfRaffi on
I’m renting out a one bedroom in the city centre for 220,000 AMD/month so I donno where they found these prices but anyway
QPQB1900 on
I’m not going to even pretend to be well read in economics but these numbers make sense. Armenia is a developing economy and out of no where had a surge of for lack of a better word wealthy migrants (relative to the local population) and when this surge happened the rent prices matched the market demand that is focusing on catering to the wealthy migrants because of obvious reasons.
As a side note: these landlords with the extra surge of money are spending more in Armenians economy , investing more and the investments could be in millions of ways from investing in their kids education to maybe trying to open a business they never had the extra money for.
What’s the argument that these high rents are a net negative for Armenias economy?
impossiblefork on
Eep. That’s higher than some rents here in Sweden, and then you get rather modern apartments.
How does your country function, when it’s like this?
cringyoxymoron on
How much of this is driven by recent immigration from Nagorno-Karabakh?
Mark_9516 on
note that the Germany comparison is not correct, apartments in Germany are not furnished (not even a kitchen). If you want something furnished, you pay double.
h_allebasi on
It’s cheaper for me to live in Milan than Yerevan with the same salary which is just crazy. Especially considering that Yerevan is barely livable nowadays.
FabricSoftener2 on
Can confirm! Was spending my holiday in Armenia last week, we were shocked by the prices, everything is as expensive like here in Hungary Budapest. But i assume the salaries are lower.
Troop666 on
Real estate prices in Yerevan are insane
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it’s really insane how bad prices are in yerevan compared to similarly sized cities with better infrastructure and way more amenities. greedy ass landlords and corporations, unregulated bullshit housing, and indifferent politicians… perfect storm for this nonsense
This makes it challenging for people who want to repatriate. High rents can be considered a national security issue if you think about it.
what was needed are laws and regulations. I remember back in 2022 when Armenian families were literally getting kicked out on the streets so that the landlord can make better buck off of the Russians who were paying double/triple. Many of my friends just moved out of the country.
This gives an not complete picture.
Almost all of the population in Armenia wants to live in Yerevan and 33% of Armenia already lives there.
This drives prices up and that is logical, comparing cities in the EU is not realistic. In the EU there is better infrastructure in the rural areas and better facilities in smaller cities, so people want to live there.
Also almost all the infrastructure and facilities in Armenia are in Yerevan so that is a great attraction for the workforce.
Some off the industry has to move to other cities in Armenia so that people wants to live there, and are able to work.
Looking on the listings on list.am, there are lots of people that want to exchange property in rural areas that want to exchange them against apparments in Yerevan. This also does not help.
This is free market, people. No matter how you and I may hate the situation, rents reflect demand. Places where people want to live for whatever reason become more expensive. You can’t blame the windmills for the wind.
The government does need to intervene and regulate rents, they do need to improve infrastructure, incentivize construction, etc etc. They are not very competent in many crucial areas unfortunately, but this spike in prices I believe is temporary and I also believe we will all learn as we go, it is not an easy problem to tackle.
Who found an apartment in Kentron for 854 euros??
This isn’t what I mean when I say let’s get closer to Europe
Amazing isn’t it?!
Yerevan being more expensive than Leipzig is fucking insane
I’m renting out a one bedroom in the city centre for 220,000 AMD/month so I donno where they found these prices but anyway
I’m not going to even pretend to be well read in economics but these numbers make sense. Armenia is a developing economy and out of no where had a surge of for lack of a better word wealthy migrants (relative to the local population) and when this surge happened the rent prices matched the market demand that is focusing on catering to the wealthy migrants because of obvious reasons.
As a side note: these landlords with the extra surge of money are spending more in Armenians economy , investing more and the investments could be in millions of ways from investing in their kids education to maybe trying to open a business they never had the extra money for.
What’s the argument that these high rents are a net negative for Armenias economy?
Eep. That’s higher than some rents here in Sweden, and then you get rather modern apartments.
How does your country function, when it’s like this?
How much of this is driven by recent immigration from Nagorno-Karabakh?
note that the Germany comparison is not correct, apartments in Germany are not furnished (not even a kitchen). If you want something furnished, you pay double.
It’s cheaper for me to live in Milan than Yerevan with the same salary which is just crazy. Especially considering that Yerevan is barely livable nowadays.
Can confirm! Was spending my holiday in Armenia last week, we were shocked by the prices, everything is as expensive like here in Hungary Budapest. But i assume the salaries are lower.
Real estate prices in Yerevan are insane