Real estate investment in Georgia: where, how much and how you’re protected
Prices, areas, yields, taxes and risks: what to know before buying property in Georgia, from the capital to the Black Sea coast. With 2026 data.
Sources: Galt & Taggart and Public Registry, gross averages
A market open to foreigners, with prices still low
Real estate investment in Georgia is drawing more and more foreign buyers. Prices are still low by European standards, gross rental yields are above 7%, and foreigners can buy apartments and non-agricultural property in their own name.
The two main markets are Tbilisi, the capital, with steady rental demand, and Batumi, on the Black Sea, driven by tourism and short lets. Our real estate consulting supports you in both cities.
Project renderingWhy the Georgian market
A growing economy
GDP grew 7.5% in 2025 (Geostat); the IMF expects +6.5% in 2026.
An open market
Foreigners buy apartments and commercial property just like Georgian citizens. Agricultural land is the exception.
Fast procedures
Ownership is registered at the Public Registry in 1-4 working days, for 150 to 350 lari.
Tbilisi and Batumi compared
Two markets with different logic: the capital and the tourist coast.
Tbilisi
the capitalThe capital has steady rental demand from residents and foreign workers. Vake and Vera are the most sought-after areas; Saburtalo offers steady rentals linked to universities and offices; the Old Town and Mtatsminda suit short lets.
Batumi
the Black SeaA Black Sea city and Georgia’s tourism capital. Short-let demand is strong in summer and weaker in winter. In Q1 2026 sales grew 15.8%.
New residential projects
Some of the projects under construction or on sale: seafront towers, hotel-style services, pools and shared spaces.
Images supplied by the developers: project renderings, not photos of finished properties.
The most sought-after areas
- Tbilisi, Vake and Vera: the most sought-after central areas, higher prices
- Tbilisi, Saburtalo: steady rental demand
- Tbilisi, Old Town and Mtatsminda: suited to short lets
- Batumi, seafront and New Boulevard: peak tourist demand; Gonio for lower entry prices
Yields and prices
- Gross yield in Tbilisi8.4% (May 2026)
- Gross yield in Batumi7.1% (Q1 2026)
- Average price per m²$1,412 in Tbilisi (new), $1,893 in Batumi (new turnkey)
Galt & Taggart and Public Registry data. These are gross averages: they vary by area, type and season, and taxes, costs and vacancies come off. For an estimate on your case, our real estate consulting assesses the best area and property type.
Taxes on property in Georgia
- Residential rent received by an individual: 5% on the rent, under current Georgian rules.
- Property tax: 0% to 1% of the value for individuals, depending on household income and municipality; up to 1% for companies.
- Your home country: if you remain tax resident elsewhere, income and assets in Georgia may have to be declared there too. See Taxes in Georgia.
Risks to weigh up
Off-plan purchases
Many apartments are sold before construction. Delays and uneven quality among developers are the most common risk: check the construction permit, land ownership and developer record.
Seasonality in Batumi
Short lets earn mostly in summer. In Q1 2026 Batumi’s average daily rate fell 7.3% year on year: estimate the yield over the full year, not the best month.
Currency and inflation
Prices are in dollars, but much rent is collected in lari. Inflation was 5.6% in August 2026, above the National Bank’s 3% target.
Buy property and get a residence permit
minimum market value of the property, from 1 March 2026
A property with a market value of at least 150,000 dollars allows you to apply for a temporary residence permit, renewable annually and covering spouse and children. The previous threshold was 100,000 dollars. Value is set by an accredited appraiser, not by the price paid.
Frequently asked questions about real estate investment in Georgia
Can foreigners buy property in Georgia?
Yes. A foreign citizen can buy apartments and non-agricultural property in their own name. Agricultural land is reserved for Georgian citizens, with limited exceptions such as inheritance.
How do you estimate yield before buying?
Compare the price with average rents in the area, allowing for seasonality (especially in Batumi), taxes and management costs.
Sources (7)
- Galt & Taggart via GBC: Tbilisi residential market, May 2026, July 2026
- GBC on Public Registry and Galt & Taggart data: Batumi market, Q1 2026, June 2026
- National Agency of Public Registry (NAPR): property registration fees and terms
- JAMnews: agricultural land reserved for Georgian citizens since 2018, December 2018
- EIG Law: USD 150,000 threshold for property-based residence permits from 1 March 2026, February 2026
- ExpatHub Georgia: tax rates in Georgia (rent and property tax), updated February 2025
- National Bank of Georgia, monetary policy decision of 9 September 2026
Note. This information is current as of October 2026 and may change. It is a general overview, not tax or legal advice for your case: check the rules in force with a professional before you decide, or contact the Chamber.
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