Georgia’s real estate market has consistently outperformed many traditional Western European destinations, offering a rare combination of affordable entry prices, strong capital appreciation, and exceptionally high rental yields. The growth is primarily driven by the capital city, Tbilisi.
Tbilisi: The Capital’s Steady Growth
As the political, economic, and cultural hub of the country, Tbilisi attracts year-round demand from expats, digital nomads, and international professionals.
• Rental Yields: Central districts and Old Tbilisi average net rental yields between 8% and 12% annually.
• Capital Growth: Property values in premium segments have shown steady year-over-year growth, driven by structural urban modernization.
Market Drivers for Foreign Buyers
• No Property Purchase Tax: Georgia does not levy an acquisition tax on property purchases.
• Strong Property Rights: Foreigners enjoy full, unrestricted ownership rights to residential and commercial real estate (excluding agricultural land).
• Currency Stability: Many premium real estate transactions and rental agreements are pegged to the US Dollar, hedging against local currency fluctuations.
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