# Rent spikes in Georgia and Armenia as Russians flee mobilisation fears

> Russians flee mobilisation fears, driving rent spikes in Georgia and Armenia.
- Title: Rent spikes in Georgia and Armenia as Russians flee…
- Summary: Russians flee mobilisation fears, driving rent spikes in Georgia and Armenia. Monthly rents in Yerevan and Tbilisi rose 20-30% year on year as Russians…
- Keywords: georgia, armenia, rent, mobilisation, russian, yerevan, tbilisi, rental, property, foreign, property transactions, mobilisation fears
- Source: euronews — https://euronews.com/2026/10/13/rent-spikes-in-georgia-and-armenia-as-russians-flee-fearing-mobilisation
- Author: Irina Sheludkova
- Published: 2026-10-13T05:00:28+00:00
- Read time: 1 min
- Topics: georgia, armenia, rent, mobilisation, russian, yerevan, tbilisi, rental, property, foreign, property transactions, mobilisation fears
## Rent spikes in Georgia and Armenia
Monthly rents in Yerevan now run to €800, 900 for a two-room flat, up 23.5% year on year in August.
## Russian nationals dominate foreign property transactions
Russian citizens account for 72% of all foreign property transactions in Armenia.
## Rental price surges in Georgia
Rental prices in Georgia and Armenia rose 20, 30% year on year over the summer as Russians fearing mobilisation sought accommodation.
## Georgia's visa policy attracts Russians
Georgia remains the most accessible destination: Russian citizens can stay for up to 360 days without a visa.
## Tbilisi rents stabilize after 2022 surge
After a summer peak, rents in Georgia have fallen and broadly stabilized following 60, 70% jumps in 2022, 2023.
## Russian share in property transactions drops
Russians accounted for more than 55% of all property transactions involving foreign buyers in 2023, but their share has since fallen by a third.
## Belarus becomes next refuge
Belarus has drawn Russians since Moscow's all-out war began, first as a transit point and later as a place to stay.
## Key takeaway

Monthly rents in Yerevan and Tbilisi rose 20-30% year on year as Russians sought refuge from Ukraine mobilisation fears.