Russians have a track record of buying real estate in Georgia

In total, 15,000 were sold to foreigners throughout 2022. Apartments, 6,062 of which were bought by Russians, making their share of the market more than 40 percent. In addition, in the first quarter of 2023, citizens of the Russian Federation purchased another 2,187 apartments.

Israel came second. Citizens of this country bought 1892 apartments in Georgia last year. The platform is covered by Ukrainians (1321 settlements). Iran, Turkey, Belarus, Germany, USA, Kazakhstan and Armenia also entered the top ten countries that bought residential real estate in Georgia.

The Russians fled to Georgia before mobilization

Georgia has become one of the most popular destinations for emigration and relocation of Russians since the start of the war in Ukraine. When President Vladimir Putin announced demobilization, tens of thousands of people lined up at the Russian-Georgian border to leave the country. About 10,000 people cross the border every day. Cars.

According to Georgia’s Ministry of Internal Affairs, 1.46 million Russians arrived in the republic in 2022. At least 100,000 people remain in the country and 3,300 have been displaced, President Salome Jurapishvili said. Received Georgian citizenship.

According to the Central Bank of Georgia, from February to December last year in 2018, citizens of the Russian Federation opened about 110,000 shops in Georgia. Bank accounts and remittances from Russians increased fivefold to $2 billion. This is almost half of the total capital that came to Georgia – the total volume of transfers from various countries is 4.3 billion US dollars.

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There are no flights between the countries

Citizens of the Russian Federation do not need a visa to enter Georgia – they can stay in this country for one year. Currently, there is no direct flight between the countries. Moscow and Tbilisi do not maintain diplomatic relations.

Russian Foreign Minister Sergei Lavrov expressed hope that flights would resume quickly in January. Georgia’s government and ruling party supported the initiative, but the president opposed it, citing Russia’s nearly 14-month invasion of Ukraine.

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