The Central Bank of Armenia has released the Residential Real Estate Price Index (RREPI), a new statistical measure designed to track price trends in the country’s housing market.
The index is calculated quarterly using data from market transactions registered by Armenia’s Cadastre Committee. It applies a methodology that adjusts for the quality characteristics of the properties, offering a more accurate estimate of average price changes, the Central Bank said.
In the third quarter of 2025, residential property prices increased by 5.5% year-over-year and by 1.9% compared to the previous quarter. During the same period, apartment prices rose by 2.0%, while house prices surged by 18.6%.
A total of 7,113 housing transactions were recorded in Q3 2025, with a combined value of approximately AMD 215.1 billion.
The Central Bank launched the RREPI to enhance transparency in the real estate market and to strengthen the analytical foundations of its monetary and macroprudential policies. The index is intended for use by policymakers, analysts, appraisers, and the broader public for assessing market trends.
The RREPI is updated quarterly and published 45 days after the end of each reporting period.
