Real estate prices in Georgia have shown consistent growth in recent years, making it an attractive investment destination. Prices vary depending on location, property type, and construction quality.
Real Estate Prices in Major Cities:
Tbilisi:
- City Center: $1,000 - $2,500 per square meter
- Suburbs: $600 - $1,200 per square meter
Batumi:
- Seaside: $900 - $2,000 per square meter
- Inland Areas: $500 - $1,000 per square meter
Kutaisi and Other Cities:
- $300 - $800 per square meter
Average Property Prices:
- Studio: $30,000 - $70,000
- 1-Bedroom Apartment: $40,000 - $90,000
- 2-Bedroom Apartment: $60,000 - $140,000
- Villas: $150,000 - $450,000
Investment Benefits:
- Easy ownership for foreigners
- Low taxes (0.05% - 1% annually)
- Good rental yields (6% - 15%)
- Possibility of obtaining residency
Investor Tips:
- Invest in developing areas
- Buy properties under construction (20-30% lower)
- Consult with local experts
Prices are expected to continue growing at a rate of 7-10% annually, driven by tourism development and infrastructure investments.