Rental prices in Georgia and Armenia rose 20–30% year-on-year over the summer as Russians fearing a new wave of mobilization for the war in Ukraine sought accommodation in neighboring countries, Euronews reports . Demand is most acute in Armenia, where Russians—and Armenians who had been living in Russia and are seeking to avoid mobilization—are concentrating mainly in Yerevan. Monthly rent for a two-room flat in the capital currently runs to €850. Russian citizens can enter without a visa and stay for up to 180 days per year. According to Armenia’s Cadastre Committee, average prices for flats in Yerevan apartment blocks rose 2.9% in August from July and 23.5% year on year. Russian nationals account for around 72% of all property transactions carried out by foreign nationals in Armenia. A 10% tax, now required when registering lease contracts with the Cadastre, is typically paid by tenants. In August, foreign citizens took part in 506 purchase and sale transactions nationwide, representing 7.6% of all deals, with 70.2% of those purchases—177 properties—made in Yerevan. The average nominal monthly wage in Armenia is 320,763 dram (€790), with substantially higher pay in sectors such as IT, finance, and mining.