EconomyRents surge in Georgia and Armenia as Russians flee fears of mobilisation

A two-room flat in Yerevan now rents for €800–900 a month, up 23.5% year on year in August. Tbilisi rents have stabilised after rising 60–70% following Russia’s full-scale invasion of Ukraine in 2022. Russian nationals account for 72% of foreign property transactions in Armenia.

rentsGeorgiaArmeniaRussian nationals

Eeuronews★★☆☆☆2026-10-13 05:00Original