The Yeghegnadzor Rental Market
High demand, limited supply, and a clear path to reliable rental income.
The Yeghegnadzor Rental Market
The current rental market in Yeghegnadzor is defined by high demand and a severe shortage of quality housing. Today, outdated apartments with zero modern facilities and in poor condition are already renting for 150,000 to 200,000 AMD per month.
When the first phase of Park Legrand is completed in 2029–2030, our baseline model assumes a monthly rental income of 250,000 AMD for a brand-new, premium unit. Given what renters are currently paying for substandard housing, this 250,000 AMD figure is a highly conservative estimate for a modern residential complex.
The current rental market in Yeghegnadzor is defined by high demand and a severe shortage of quality housing. Today, outdated apartments with zero modern facilities and in poor condition are already renting for 150,000 to 200,000 AMD per month.
Financial Projection (Example Unit)
Here is a transparent breakdown of the expected yield for an apartment priced at 24,367,500 AMD.
1. Projected Income
- Monthly Rent
- 250,000 AMD
- Gross Annual Rent
- 3,000,000 AMD
2. Annual Taxes & Deductions
- Income Tax (10%)
- 300,000 AMD
- Property Tax
- ~19,367 AMD
The standard Armenian rate for rental income
Calculated using the Vayots Dzor region's highly favorable progressive cadastral rates
Net Returns
Even after accounting for national income tax and municipal property obligations, the investment yields a clean 11% net return.
This model provides a reliable, high-yield return backed by tangible real estate in a market with clear, built-in growth upside.
This website is for informational purposes only. Apartment availability, pricing, reservations, deposits and contracts must be confirmed directly at the Park Legrand sales office. No online payments or online reservations are accepted.