Mixed-use developments combine multiple types of spaces within one development, typically blending residential, commercial, and office areas.
Vertical mixed-use developments combine different uses of space stacked on top of each other in a multi-story building. Retail spaces might be on the ground floor, office spaces on the second and third floors, and residential units above.
Horizontal mixed-use developments are spread out over a larger area, typically in a low-rise configuration, often where a shopping mall is adjacent to residential houses, or an office park with restaurants and cafes nearby.
Live/Work developments are where people can live and work in the same building, often ideal for individuals with small businesses, artists, or entrepreneurs who prefer a short commute.
Retail-centric mixed-use developments are a mix of residential and office space, that can be shopping malls with residential units or offices located on upper floors, or mixed-use developments with a strong emphasis on entertainment and dining.
Commercial and residential integration aims to create effective work-life balance in a single location, allowing for a flexible living environment, and are often found in urban or suburban areas.
Mixed-use developments can take many forms, depending on the location, goals, and needs of the community, but they all share the common goal of creating dynamic spaces that foster interaction, reduce the reliance on cars, and enhance the quality of life for residents and visitors alike.
Why Buy or Invest in New Real Estate Developments in Armenia.
Armenia’s economy has been experiencing growth in recent years. The country is expanding its infrastructure, attracting foreign investments, and strengthening its business environment. This growth can lead to increased demand for residential, commercial, and industrial properties.
Yerevan, the capital, is the most developed and populous city in Armenia. It continues to see increasing demand for both residential and commercial spaces, driven by population growth, an influx of expatriates, and foreign businesses. The tourism industry is also booming, contributing to the demand for rental properties.
Armenia is becoming a popular tourist destination, attracting visitors due to its rich history, culture, and scenic landscapes. This has spurred the development of hospitality and vacation rental markets. With tourism growth, real estate investment in properties catering to visitors is likely to yield high returns.
Investing in real estate developments in Armenia offers diverse opportunities, from low-cost investments to high returns in growing urban and commercial centers. However, as with any investment, it's essential to conduct thorough research and understand the local market conditions and legal landscape before making any decisions.
