A high-demand apartment is easy to sell if the investor wants to withdraw their money. To find such an option, you need to know what's in demand in the local market. Here's what we advise you.
What's Happening in Tbilisi's Market
There's a unique situation in Tbilisi. Thanks to the influx of immigrants and rapid economic development, rental rates have soared. The cost per square meter is also rising, albeit more slowly. As a result, property profitability has exceeded 10%.
A typical apartment in Tbilisi now yields 11.9% annually for investors. Such high returns have been consistent for two years. For context: in most European cities, a 5% rental yield is considered very good.
Key Figures, Mid 2023
Average cost per square meter
$1,164
+22%
Average rental rate per square meter
$13,1
+48%
Average property profitability
11,9%
+2,1%
Source: TBS Bank
Foreign Buyers in Georgia
The unprecedented profitability in the Georgian market is attracting foreign investors. In 2022, one in every five properties in the country was bought by foreigners. Russian citizens alone made over 6,000 transactions. Hundreds of apartments were purchased by Israelis, Ukrainians, Iranians, Turks, Belarusians, Germans, Americans, and more. In 2023, foreign demand remains high.
This trend seems stable and well-established. However, even in such a favorable situation for investors, it's important to think about how and to whom you'll sell the property when you want to exit this market. Understanding the demand structure is key.
Here's what real estate buyers in Tbilisi are looking for.
New Builds or Resale Properties in Tbilisi
In Tbilisi, you can confidently buy resale properties - they are in demand, with most transactions in this sector. As of July 2023, the city saw 681 new build transactions and 2655 from private sellers.
On average, new builds account for 17–22% of sales.
Many resale apartments come furnished and with appliances, allowing investors to rent them out immediately. A good example is this 50-square-meter apartment in Saburtalo.
Studios or Spacious Apartments
Sales statistics indicate that small apartments are not popular in Tbilisi. Properties up to 35 square meters represent only 8–10% of the market. Very spacious apartments – over 125 square meters – are also limited in the market, accounting for just 5% of deals.
The most in-demand format is apartments ranging from 50–75 square meters with one or two bedrooms, making up 40–45% of transactions.
Take a look at this project in the Chugureti district. A residential complex with a rooftop pool – such options are popular among affluent tenants. A 55-square-meter apartment here sells for $72,000. The complex is still under construction, with completion promised in 2024.
Expensive or Affordable
Most real estate buyers in Tbilisi are willing to pay between $600 to $1200 per square meter. This price range covers 60% of transactions, making such apartments easier to sell.
Extremely cheap options (under $600 per sq m) also exist, making up about 10% of the market. Foreigners should note that this segment carries more risks, both in terms of construction quality and locations. If possible, it's safer to invest in more expensive options.
Premium properties in Tbilisi, priced at over $1200 per square meter, account for 25% of transactions. This price segment is growing rapidly, largely due to the influx of foreign buyers.
Transactions occur in all districts of the capital – in the old town, near the city center, and in the suburbs. However, there is a clear leader: Saburtalo, a large district in West Tbilisi, accounts for 17% of all sales.
The location is actively being developed. With a metro line running through Saburtalo and several universities located here, local apartments are in high demand for rent. Another advantage for investors is affordable prices. While the average square meter in the central Vake district costs over $2,000, Saburtalo offers many quality options for under $1,200 per sq m.
Samgori and Didi Digomi districts also rank in the top three in sales.
Another promising project for rental and later sale is a high-rise under construction in Saburtalo, near the Medical and Technical Universities. The handover is planned for 2024.
What to Buy
If the goal is to choose the most popular option, appealing to the maximum number of potential buyers, then invest in an apartment that is:
50–70 square meters in size;
located in Saburtalo, Samgori, or Didi Digomi districts;
priced between $600 to $1200 per sq m.
However, this is just a general guide. In any area of Tbilisi and any price range, you can find a high-demand property – consult with Georgian realtors.
Available properties in Tbilisi
139 499 €
Flat in Tbilisi, Georgia
84 sq.m211
ResidenceOnline ViewingRemote TransactionCredit
Villa Residence is proud to present the Krtsanisi Resort Residence, a modern residential district located on Krtsanisi Street in the prestigious and historical part of Tbilisi. A highly qualified design team has created an innovative project that brings a new level of comfort and modern living to the city. The district features multi-functional...
Flatiko
271 055 €
Flat in Tbilisi, Georgia
139 sq.m422
ResidenceOnline ViewingRemote TransactionCredit
Villa Residence is proud to present the Krtsanisi Resort Residence, a modern residential district located on Krtsanisi Street in the prestigious and historical part of Tbilisi. A highly qualified design team has created an innovative project that brings a new level of comfort and modern living to the city. The district features multi-functional...
Flatiko
162 000 €
Flat in Tbilisi, Georgia
87 sq.m321
For sale 3 bedroom apartment in Tbilisi in the Vake district on Vladimir Gabashvili street
the area of the apartment is 86,4m2
2 bedrooms+1 dressing room
1 living room
balcony
1 bathroom
Bright, cozy, spacious apartment for sale
9th floor , new house (5 years old), sold with furniture and appliances
Within walking distance of...
The White Square Mindeli is a new residential complex located in the Saburtalo district of Tbilisi, on Dzotsi Street 2. This expansive development from White Square (W2) consists of six blocks and will offer a mix of two 14-story buildings, a 15-story building, and three 22-story buildings. Each of these buildings will offer over 100 individual...
Flatiko
206 481 €
Flat in Tbilisi, Georgia
100 sq.m32
Location:
Central district of Tbilisi
Proximity of the Sports Palace
Technical University Metro Station
The entire infrastructure of the big city: pharmacy, Nikora supermarket, McDonald's, banks, Kids Smile children's entertainment center, Georgian National Manuscript Center, City Hall, Adjara Casino, the main building of the Technical...
Invest Cafe
239 814 €
Flat in Tbilisi, Georgia
104 sq.m432
Residence
Newly built apartment for sale in the historical center of Avlabari district, with amazing views of the Sameba temple. The layout is 3+1, the area is 104 m2 + a parking space in the ground Parking.
The designer renovation, made of high-quality materials, creates a bright, cozy and elegant interior. The apartment has all the necessary...
BD Group
106 481 €
Flat in Tbilisi, Georgia
55 sq.m211
Residence
A cozy one-bedroom apartment for sale in the heart of the central district of Vake! With an area of 55 square meters, it is an ideal apartment for a comfortable life. Located in a new complex, it impresses with its German windows and doors, high-quality wooden parquet and luxurious plumbing. The house is located on a quiet street in an...
BD Group
111 111 €
Studio in Tbilisi, Georgia
47 sq.m111
Residence
Beautiful apartment for sale in Krtsanisi
47 m2 with city views in the premium segment from the developer️
VR Apartments!
New repairs ,appliances and furniture
Everything is included in the price!
located on the 10th floor of 11
View apartment with panoramic windows
The complex has two types of pools - indoor and outdoor
on the...
BD Group
75 000 €
Studio in Tbilisi, Georgia
45 sq.m111
In an ecologically clean, prestigious area of Krtsanisi. A studio-apartment is offered for purchase an apartment in the Margaliti residential complex under construction from the developer Apart development. The company has several bright, dissimilar projects in various interesting locations in the city of Tbilisi.
The complex consists of 3...
An apartment with 2 isolated bedrooms for sale in the Gldani area. The total area is 51 m2.
Designer renovation made of high-quality materials creates a bright and cozy living space. The apartment is fully furnished and equipped with all necessary appliances (oven, hob, refrigerator, washing machine, air conditioning) for a comfortable life....
For sale is a two-bedroom 2+1 apartment with an area of 70.7 square meters, on the second floor in the Mtatsminda district in Stalinka. The very heart of Tbilisi, all the sights are within walking distance. The house is located on the right embankment of the Kura River. The apartment is sold with furniture and appliances. Nearby there is the...
Newly built apartment for sale in Vaka, 2+1 layout (2 isolated bedrooms and a combined kitchen-living room), with an area of 97 m2. The designer renovation, made of high-quality materials, creates a bright, cozy and elegant interior. The apartment has all the necessary appliances for a comfortable stay (dishwasher, oven, roomy refrigerator, hob,...
BD Group
157 407 €
Flat in Tbilisi, Georgia
172 sq.m322
An apartment for sale in a picturesque and ecologically clean area of Tbilisi, just a few minutes drive from the city center. This project is under completion. An outdoor swimming pool, large shops, kindergartens and schools are planned, which makes it an ideal place for family living. The apartment is located on a hill, offering privacy and at...
BD Group
69 466 €
Flat in Tbilisi, Georgia
30 sq.m11
The start of sales of a magnificent residential complex with infrastructure, monolithic frame with modern high-tech design.
An investment that will bring you income and the joy of owning.
Two towers of 22 floors each with panoramic views of the river and historical Tbilisi. Underground Parking, the first floors are given over to commercial...
Rentsale
66 090 €
Flat in Tbilisi, Georgia
53 sq.m211
A new residential complex in the historical district of Tbilisi.
The location is on a beautiful hill surrounded by pines and fir trees, with panoramic views of the Old Town and the main beauties of Tbilisi.
The residential complex has convenient transport and commercial infrastructure nearby. My favorite entertainment is the cable car, which...
Rentsale
347 221 €
House in Tbilisi, Georgia
440 sq.m521
A private house of 400 sq.m in Okrokane in an elite area with a yard of 900 sq.m. The house was designed by a group of designers, with impressive views, next to an ethnological hotel, every detail is designed for a comfortable stay. Black frame. The layout will be done in consultation with the buyer. Ground floor with 4.5 m ceilings, panoramic...
BD Group
73 667 €
Apartment in Tbilisi, Georgia
55 sq.m211
Online ViewingRemote Transaction
ISANI Complex
Tbilisi
Isani district
A multifunctional complex.
An exquisite project, thanks to which you will be able to take a fresh look at luxury accommodation and hospitality in the heart of Tbilisi. Isani is not just a project; it is a lifestyle, a combination of luxury accommodation and world-class hospitality.
Stunning views of...
MG group
300 000 €
Villa in Tbilisi, Georgia
200 sq.m534
Residence
A beautiful modern project consisting of 100 bungalows and eight individual villas. Each house has 3 bedrooms, 4 bathrooms, its own garden of 400-800 m2 with magnificent views of the mountains and forests. The excellent location of the complex in the prestigious suburb of Tbilisi - the village of Tabakhmela, provides easy transport accessibility...
Rentsale
58 333 €
Flat in Tbilisi, Georgia
48 sq.m211
9th / 16th floor
1+1
A bright apartment with modern renovation is for sale.
The house is located in Didi Digomi district, 3rd block. Great for a relaxing stay in a residential area. Schools, kindergartens and shops are within walking distance. The balcony offers a view of the city.
BD Group
90 139 €
Flat in Tbilisi, Georgia
55 sq.m2
In the ecologically clean, prestigious area of Krtsanisi, a one-bedroom apartment is for sale in the Margaliti residential complex under construction from the developer Apart Development.
The developer company has several bright, dissimilar projects in various interesting locations in the city of Tbilisi.
The complex consists of three...
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