Real Estate Investment in Georgia: the Guide to Tbilisi and Batumi
Prices, areas and expected yields: what to know before investing in the Georgian real estate market, from the capital to the Black Sea coast.
Real estate investment in Georgia is attracting a growing number of foreign investors: prices still affordable by European standards, rental yields among the highest in the region, and a system that allows foreigners to buy residential and commercial property without the common restrictions found elsewhere.
The market's two leading cities are Tbilisi, the fast-growing capital with rising housing demand, and Batumi, a Black Sea coastal city driven by tourism and short-term rentals. Our Real Estate Consulting service supports you in both, with direct knowledge of the local market.
Why the Georgian Market
Tbilisi and Batumi: the Two Leading Markets
Two markets with different logic: the growing capital and the tourism-driven coast
Tbilisi
The capital has seen unprecedented demand growth since 2022, with some neighbourhoods recording price increases of over 30% in a single year. Vake is among the most sought-after areas for both residents and renters, Saburtalo offers stable rental income, while Mtatsminda works well for Airbnb-style short-term rentals.
Batumi
A Black Sea coastal city and Georgia's tourism capital: demand for short-term rentals stays high year-round thanks to the steady flow of visitors. It's a more accessible secondary market than Tbilisi, with entry costs generally 50-70% lower than the capital.
Best Areas
- Tbilisi — Vake: the most sought-after area, high residential and tourist demand
- Tbilisi — Saburtalo: stable rental income over time
- Tbilisi — Mtatsminda: great for Airbnb-style short-term rentals
- Batumi — seafront and centre: peak seasonal tourist demand
Expected Yields
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Tbilisi Rental YieldAbove 7% annually
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Batumi DemandTourism-driven, active year-round
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Average Price per sqm~$2,100 in Tbilisi, ~$1,500 in Batumi
Frequently Asked Questions About Real Estate Investment in Georgia
Can foreigners buy property in Georgia without restrictions?
Yes, for residential and commercial properties, with the same rights as Georgian citizens. The only exception concerns agricultural land, which is subject to specific restrictions.
How do you estimate a property's yield before buying?
We compare the purchase price with average rental rates in the area, also factoring in seasonality (especially in Batumi) and management costs.
Ready to consider a real estate investment in Georgia?
Tell us your goal: we'll help you assess area, budget and expected yield.
Talk to Our Team