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    Emil Lazarian
  • 2 years ago
    • Categories: 2022

Housing prices surge in Yerevan as Russians flock to Armenia because of war

Tenants in Armenia’s capital are starting to feel the effects of the war in Ukraine on their rent, as they are now competing with a flow of Russians that have made Yerevan their new home.

Since the war started, hundreds of thousands of Russians fled their country, and Armenia was one of their top destinations.

Many Russians moved to Armenia because their language is widely spoken in the country, and they can travel to it without visas or passports.

But this increase has caused rent to surge.

According to Vage Daniyelian, a real estate agency manager in Yerevan, "We've had many clients coming from Russia starting from March. Ukraine and Belarus as well, but the main wave is from Russia."

Tenants in Armenia’s capital are starting to feel the effects of the war in Ukraine on their rent, as they are now competing with a flow of Russians that have made Yerevan their new home.

Since the war started, hundreds of thousands of Russians fled their country, and Armenia was one of their top destinations.

Many Russians moved to Armenia because their language is widely spoken in the country, and they can travel to it without visas or passports.

But this increase has caused rent to surge.

According to Vage Daniyelian, a real estate agency manager in Yerevan, "We've had many clients coming from Russia starting from March. Ukraine and Belarus as well, but the main wave is from Russia."

https://www.euronews.com/2022/07/17/housing-prices-surge-in-yerevan-as-russians-flock-to-armenia-because-of-war

Armenian News note: Watch the video report at the link above
Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS