Georgia Real Estate Market: 2025 Results with Positive Forecasts for 2026
The real estate market in Georgia continued to grow throughout 2025, according to a recent report by an economic research institution. The report highlights a significant increase in the number of real estate transactions, along with rising prices for residential units, especially in major cities such as Tbilisi and Batumi.
This positive performance reflects the ongoing demand for real estate in Georgia, both from local buyers and foreign investors, who view the Georgian market as an emerging investment destination in the region.
Increase in Transactions in Georgia’s Real Estate Market
Data shows that the total number of real estate transactions in Georgia in 2025 reached approximately 78,500 deals, marking a 6% increase compared to the previous year.
The figures indicate that the majority of these transactions occurred in the secondary market, with around 49,200 sales of existing properties. This reflects continued demand for ready-to-move-in units.
In contrast, transactions in the primary market, which includes new real estate projects, totaled about 29,300 deals, confirming the ongoing activity of developers launching new residential projects in the market.
Rising Property Prices in Tbilisi and Batumi
Residential property prices in Georgia saw a notable increase during 2025, particularly in major cities.
In Tbilisi, the Georgian capital, the average price per square meter reached approximately $1,312, representing an annual increase of around 4.1%.
In the coastal city of Batumi, overlooking the Black Sea, the increase was more pronounced, with the average price rising to about $1,395 per square meter, an annual growth of 16.5%. This strong growth is linked to rising demand for properties in the city, especially with the booming tourism sector and increasing investment in tourist apartments.
Developments in Georgia’s Real Estate Market in Recent Years
National data indicates that prices for new residential units in Tbilisi have risen significantly over the past few years. Since 2020, the prices of new housing units have increased by approximately 57%.
Indicators also show that private houses have experienced faster growth rates compared to apartments in certain periods, reflecting the diverse demand within Georgia’s real estate market.
At the same time, the Georgian market features a unique blend of historic buildings alongside modern real estate projects, particularly in cities like Tbilisi and Batumi. This gives the market a distinctive architectural character that attracts many buyers.
Foreign Investors’ Interest in Georgia’s Real Estate Market
Foreign investors continue to play a key role in supporting demand in Georgia’s real estate market. This is due to several factors, including competitive property prices compared to many European markets, as well as relatively straightforward purchasing procedures.
Programs offering residency in exchange for real estate investment have also played an important role in attracting international investors. However, the Georgian government recently announced a change in these regulations.
Starting from March 1, 2026, the minimum qualifying real estate investment required to obtain temporary residency will increase to USD 150,000, up from lower amounts in previous years. This amendment aims to encourage higher-value, long-term investments.
Impact of Tourism and Development in Other Real Estate Sectors
Although residential properties continue to receive the most attention, other sectors of Georgia’s real estate market are also experiencing notable growth.
In Tbilisi, the development of office spaces and modern shopping centers is increasing, while Batumi is witnessing expansion in hotel projects due to rising tourist numbers.
The continuous growth in international visitors to Georgia has boosted demand for tourism-related properties, such as short-term rental apartments and hotels.
Georgia Real Estate Market Outlook for 2026
Forecasts indicate that Georgia’s real estate market will continue to grow in 2026, albeit at a more stable pace.
Property prices are expected to rise by approximately 3.2% over the year, while the total market volume may grow by around 4.5%.
Overall, many analysts believe that Georgia’s real estate market is entering a gradual maturation phase, with investors increasingly making decisions based on long-term factors such as infrastructure quality, rental yields, and economic stability.
The data cited in this report is based on a study by TBC Capital, a research and financial institution affiliated with the TBC Bank Group in Georgia. The company is known for providing economic analyses and regular reports on the performance of key sectors in the Georgian economy, including real estate, banking, and investment. Both local and international investors often rely on TBC Capital’s reports to understand market trends and evaluate investment opportunities in Georgia.
