Investing in Tbilisi: neighbourhoods, prices and opportunities
Tbilisi is Georgia’s largest and most liquid property market: prices, yields and neighbourhoods, with 2026 data.
Source: Galt & Taggart via GBC, gross averages
Georgia’s largest and most liquid market
Tbilisi is Georgia’s largest and most liquid property market. In May 2026 a new apartment averaged 1,412 dollars per square metre and resale 1,366, with an 8.4% gross rental yield (Galt & Taggart); 3,748 apartments were sold that month.
Investing in Tbilisi means entering Georgia’s largest property market. Demand comes mainly from people who live and work in the city all year.
Each neighbourhood has a different character: steady residential, tourist or emerging. Our real estate consulting helps you choose the one that fits your goal.
Tbilisi · project renderingWhere to invest in Tbilisi
Each area brings a different kind of tenant and yield.
Vake
Upmarket residential, with parks and international schools: among the highest prices and stable tenants.
Vera and Saburtalo
Vera is central and popular with foreigners; Saburtalo, with universities, offices and metro, offers steady rentals at lower prices.
Mtatsminda
Close to the centre and the sights: suited to short lets.
Old Town
The historic centre: charm and tourism, but check the building’s condition carefully.
Prices by area
- Vake and Vera: upper range, above the city average
- Saburtalo: mid-range, good value
- Mtatsminda and Old Town: high prices for the location; check the building’s condition
- City average in May 2026: $1,412/m² new build, $1,366/m² resale
Yields
- Gross rental yield8.4% (May 2026)
- Average rentAbout $9.9/m² a month for a 50-60 m² apartment
Galt & Taggart data on buildings permitted since 2013. The yield is gross: taxes, management, furnishing and vacancies reduce it.
Tbilisi or Batumi?
Tbilisi
Steadier year-round rental demand from people who live and work in the city.
Batumi
More tied to tourism and short lets, with strong seasonality.
Investing in Batumi →
Tbilisi · project renderingWhat to check
- New builds: permit, developer and construction progress.
- Resale: Public Registry extract, building condition, systems.
- Delivery standard: many flats are sold “white frame” or “black frame”, without finishes, which cost extra.
The full process is in How to buy property in Georgia.
New projects in Tbilisi
Towers with international hotel brands, homes set in green space and hotel-style amenities.
Images supplied by the developers: project renderings, not photos of finished properties.
Frequently asked questions about investing in Tbilisi
Which is the best neighbourhood to invest in Tbilisi?
It depends on your goal: Vake and Vera for stable tenants and the upper range, Saburtalo for steady rent at lower prices, the Old Town for short lets.
How much does an apartment cost in Tbilisi?
In May 2026 new builds averaged $1,412 per m² and resale $1,366, according to Galt & Taggart. Central areas cost more.
Tbilisi or Batumi?
Tbilisi has steadier year-round rental demand and a higher average gross yield (8.4%); Batumi depends more on tourism and short lets (7.1%).
Sources (2)
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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