Georgia property market · 2026
Georgia Property Price Index 2026
The current investor benchmark for apartment prices, price growth, rental yields and transaction activity in Tbilisi and Batumi.
In 2026, the average Tbilisi asking price reached $1,341 per m². In Batumi, completed primary-market apartments reached $1,960 per m², while newer secondary-market apartments averaged $1,497 per m².
Tbilisi leads on year-round rental yield and market depth. Batumi leads on coastal investment demand, primary-market pricing and foreign-buyer participation.
Latest city benchmarks
Tbilisi vs Batumi in 2026
Each figure uses the latest identified 2026 reporting period and the relevant market segment.
Tbilisi: March 2026. Batumi prices and sales: June/Q2 2026. Dollar values are the reporting currency used by the underlying market reports.
The 2026 signal
Prices are rising, but the two cities reward different strategies
Tbilisi is a conventional capital-city housing market driven by residents, employment and long-term tenants. Batumi is an international coastal market where tourism, foreign buyers and new development carry more weight.
The March 2026 asking-price benchmark rose 4% year on year to $1,341/m².
Completed primary apartments rose 9.8% year on year by June; newer secondary stock rose 6.5%.
Tbilisi reported $10.1/m² monthly asking rent and an 8.1% gross yield in March.
Batumi’s reported 2026 yield was 7.1%, with performance shaped by summer demand and management.
Georgia’s RPPI reached 163.8 in Q2 2026, compared with the 2020 base of 100.
Capital price map
Tbilisi apartment prices by district
Premium central districts command more than the city-wide asking benchmark; Saburtalo and Krtsanisi provide lower entry within established residential areas.
| Rank | District | Average price | Market role |
|---|---|---|---|
| 1 | Vake | $2,933/m² | Prime residential demand |
| 2 | Mtatsminda | $2,883/m² | Historic centre and scarcity |
| 3 | Chughureti | $2,200/m² | Central regeneration market |
| 4 | Krtsanisi | $1,678/m² | Residential and diplomatic district |
| 5 | Saburtalo | $1,658/m² | Broad year-round tenant base |
District benchmarks reported for March 2026. The Tbilisi city-wide asking-price benchmark was $1,341/m².
Black Sea price map
Batumi apartment prices by district
Old Batumi leads on price and scarcity. New Boulevard leads transaction volume. Peripheral zones provide the lowest measured entry point.
| Rank | District | Average price | Q1 sales | Market role |
|---|---|---|---|---|
| 1 | Old Batumi | $3,146/m² | 283 | Scarcity and historic-centre premium |
| 2 | Alley of Heroes | $2,081/m² | 811 | High-rise central investment corridor |
| 3 | Gonio–Kvariati | $2,075/m² | 59 | Low-density coastal resort market |
| 4 | Makhinjauri | $1,819/m² | 317 | Northern coast and Green Cape access |
| 5 | Kobuleti | $1,805/m² | 120 | Lower-density regional resort market |
| 6 | New Boulevard | $1,787/m² | 1,671 | Largest transaction market |
| 7 | Inner districts | $1,715/m² | 492 | Local and long-stay residential demand |
| 8 | Peripheral zones | $1,565/m² | 416 | Lowest measured Batumi entry point |
District price and sales benchmarks reported for Q1 2026. Batumi’s completed primary-market city average reached $1,960/m² in June 2026.
Market selection
Which city fits which investor?
Choose the market according to the demand source your property needs to capture.
National context
Georgia’s official property index remains positive
The official Residential Property Price Index reached 163.8 in Q2 2026, using 2020 as the base of 100. The index measures new residential property in Tbilisi. Real GDP grew 9.0% year on year in Q1 2026, supporting the wider demand backdrop.
Open the complete Georgia investment profile →- Official RPPI
- 163.8
- RPPI period
- Q2 2026
- Real GDP growth
- 9.0%
- GDP period
- Q1 2026
Premium Batumi option
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- Developer
- FK Development
- Published entry
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- Market position
- Premium branded residence
- Investor horizon
- Long-term development-led
Evidence trail
Sources behind the 2026 index
Official statistics establish national direction. Market research establishes current city prices, rent, yield and transaction activity.
Official quarterly price direction for new residential property in Tbilisi.
TBC CapitalTbilisi Residential Market2026 asking price, rent, rental yield and transaction benchmarks for the capital.
Galt & Taggart ResearchBatumi residential reports2026 primary and secondary prices, districts, sales, buyers, yield and supply outlook.
GeostatGross domestic productOfficial Q1 2026 economic growth and national demand context.
Direct answers
Georgia property prices in 2026
How much does property cost in Georgia in 2026?
The clearest 2026 city benchmarks are $1,341 per square metre for the average Tbilisi asking price in March and $1,960 per square metre for completed primary-market apartments in Batumi in June. Batumi’s newer secondary-market benchmark was $1,497 per square metre.
Is property more expensive in Tbilisi or Batumi?
Batumi’s completed primary market carries the higher city benchmark, while Tbilisi has a wider year-round residential market. Districts matter more than the city average: Old Batumi reached $3,146 per square metre, above Vake at $2,933 and Mtatsminda at $2,883 in the cited 2026 reports.
What is the rental yield in Georgia in 2026?
Tbilisi’s March 2026 residential benchmark was 8.1% gross, based on an average asking rent of $10.1 per square metre. Batumi’s reported 2026 rental yield was 7.1%. Net income depends on vacancy, management, service charges, maintenance and tax.
Are Georgia property prices rising in 2026?
Yes. Tbilisi’s March asking-price benchmark was 4% higher year on year. Batumi’s completed primary-market price was 9.8% higher year on year in June, while its newer secondary market rose 6.5%. Georgia’s official RPPI stood at 163.8 in Q2 2026, with 2020 equal to 100.
Where is the best place to buy property in Georgia?
Tbilisi fits year-round rental income, local demand and deeper resale activity. Batumi fits coastal use, tourism demand and development-led growth. Within Batumi, New Boulevard leads transaction volume, Old Batumi leads price, and the peripheral zones provide the lowest measured entry point.