Construction in Armenia up 25% in the first seven months of 2026

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9 September 2026 · 2 min read · Views: 70

According to the Statistical Committee, construction output in Armenia reached AMD 369.2 billion in January–July 2026, 25% more than a year earlier. Half of it was in the real estate sector.

Contents

The figures
Who pays for construction
What it means for buyers
Key points

The figures

According to Statistical Committee data published on 9 September 2026, construction work worth AMD 369.2 billion at current prices was carried out in seven months. That is 25% more than in January–July 2025. July alone accounted for AMD 87 billion, up 26.5% on July last year.

Growth has held up all year: 22% in the first quarter, 24.1% over five months and 24.5% over the half-year.

Who pays for construction

Source of financing	AMD bn	Share	Annual growth
Organisations	177.1	48%	+29.2%
Households	90.8	24.6%	+22.7%
State budget	79.6	21.5%	+10.8%
Community funds	20.6	5.6%	+75.3%
International loans	≈7	1.9%	−67.1%

Real estate projects accounted for AMD 185.7 billion, or 50.3% of the total.

What it means for buyers

Demand is shifting to new builds: in Q2 2026 the primary market accounted for 54% of apartment sales in Yerevan (Cadastre data).
Banks are actively lending to the sector: loans to construction stood at about AMD 952 billion at the end of June 2026.
More construction means more choice, but also makes checking the developer and documents more important.

Residential complexesExplore new builds and residential complexes on the map.

Open new builds

Key points

Construction output in January–July 2026 was AMD 369.2 billion, up 25% year on year.
Organisations finance almost half of the work, households a quarter.
Half of the volume is in the real estate sector.
High growth rates have held throughout 2026.

Sources

#construction #new builds #statistics #Statistical Committee

This article is for reference only. Laws, fees and bank terms change — before a deal, check the details with a notary, the Cadastre, your bank or the tax office.

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