Rent Prices Surge in Georgia and Armenia as Russians Flee Mobilisation Threat

As the prospect of renewed mobilisation in Russia intensifies, Russian citizens are relocating to neighboring former Soviet states, notably Georgia and Armenia, where they can stay visa-free for extended periods. This influx has lifted rental prices by roughly 20-30% compared with the previous year, with Yerevan’s two-room flats now fetching €800-900 monthly and Tbilisi’s standard apartments ranging from €450-730 up to €2,700 for premium units.

Russians represent around 72% of foreign-national property transactions in Armenia, while their share of foreign purchases in Georgia has dropped to about 3% in 2026, with locals now comprising 76% of Tbilisi’s primary market. Average nominal wages are about €750 in Georgia and €790 in Armenia, highlighting the affordability pressure on renters. A 10% tax on lease registrations in Armenia is typically passed to tenants. Demand is also rising in Belarus, where Russian buyers now exceed 10% of property deals.