West Asian And The Middle East Commodity Market

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Armenia's modern infrastructure in housing construction - The low cost of living in Armenia as well as the 34

Of course, according to the nature and type of investment, the immigration authorities of Armenia can make the necessary decision to allow residence to those who qualify by examining issues such as the nationality of individuals, the place of investment, and the creation of employment in this country

A country with modern and growing infrastructure can be considered one of the best options for investment

In recent years, there has been a focus on urban development and redevelopment projects in major cities like Yerevan. These projects aim to revitalize and modernize existing neighborhoods, improve public spaces, and create more attractive living environments. High-rise Apartment buildings have become a common feature of Armenia's housing landscape, particularly in urban areas. These buildings offer a greater number of housing units on limited land, accommodating the increasing population and demand for housing. The construction sector in Armenia has been striving to meet higher quality and design standards. Developers are increasingly using modern construction techniques, materials, and technologies to ensure durability, energy efficiency, and aesthetic appeal in new housing projects.

A country with modern and growing infrastructure can be considered one of the best options for investment. It is possible to obtain one-year, 5-year and 10-year residency through the purchase of property in Armenia, and the minimum capital required to obtain it is between $19,000 and $95,000. The low cost of living in Armenia as well as the 34.5% economic growth of this country in terms of real estate value in 2018-2019 are other reasons for increasing the desire to invest in Armenia. the government of this country from real estate transactions, capital gains, gifts or inheritances; It does not receive taxes and foreigners are allowed to own 100% of their real estate in Armenia. Rich history and traditions, beautiful nature, great food, low taxes and low crime rates have made Armenia a safe area for investment and residency.

The Armenian government has recognized the importance of affordable housing and has implemented programs to support low-income families and increase access to affordable housing options. These initiatives aim to address housing affordability challenges and provide opportunities for a wider range of individuals to own or rent homes. It is 100% possible to rent, sell, pledge and maintain real estate by foreigners in Armenia. Foreign nationals do not need a residence permit in this matter, and in fact, investing in real estate can be one of the conditions for obtaining a temporary or permanent residence permit in Armenia. This is despite the fact that the only restriction on foreign ownership is specific to agricultural land, that only foreigners who have residency can apply for this type of property.

Applicants and investors who have been granted a temporary residence card due to the purchase of property in Armenia can bring their spouses and children under the age of 18 with them. While in the process of permanent residence and 10-year residence, they can bring their parents in addition to their spouses and children under 18 years old. Of course, according to the nature and type of investment, the immigration authorities of Armenia can make the necessary decision to allow residence to those who qualify by examining issues such as the nationality of individuals, the place of investment, and the creation of employment in this country. Therefore, people are not required to reside in this country to buy property in Armenia, and foreign applicants can have 100% ownership of their property in Armenia without the need for residence.

Mixed-use developments that combine residential, commercial, and recreational spaces have gained popularity in Armenia. Such projects offer residents convenient access to amenities and services within their communities, contributing to a more sustainable and well-rounded living environment. There is a growing emphasis on sustainable and green building practices in Armenia. Developers are incorporating energy-efficient features, renewable energy systems, and eco-friendly materials to reduce environmental impact and lower utility costs for residents. Infrastructure development is crucial in housing construction. Efforts have been made to improve road networks, public transportation, and utility services to support residential areas and enhance the overall living experience.

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