Category: Armenia

Property in Armenia

A Guide to Buying Property in Armenia

Over the past few years, the property buying process in Armenia has changed making it easier for foreign investors to purchase property in the country. As with any purchase, it is advisable to hire a local lawyer who can help your property purchase go as smoothly as possible.

Armenian Property Overview
Foreign investors are free to purchase Armenian properties in their own names however the land that the property sits on will not be included in the sae. However, the land can be leased, and this is normally set at 99 years. Alternatively, foreign investors can setup an Armenian company. The company is then free to purchase the land that the property sits on. Many real estate agents in the country are happy to advise and help prospective property purchasers with the setting up of companies for a small fee.