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According to the Georgian Real Estate Association (GREA), bulk purchases of 30–50 apartments in projects under construction have become widespread, with buyers hoping to profit from rising property values. In one of the latest projects, half of the 150 apartments were sold through such large-scale deals. According to GREA estimates, investors expect returns of about 25–30% over a relatively short period.
The market is developing most actively in Tbilisi. According to Colliers, 4,484 apartment transactions were recorded in the capital in June 2026—34.7% more than a year earlier. The total market volume reached $387 million, an increase of 53.9% over the year.
The average housing price in Tbilisi rose by 13.5% to $1,314 per square meter. New developments remain the main driver: sales of apartments in new buildings rose by 54.7%, while growth in the resale market stood at 36.5%.
As Prian notes, it is still too early to speak of foreign buyers dominating the market in the capital: Georgian citizens account for about 90% of transactions in Tbilisi.
The situation is quite different in Batumi—the country’s main tourist hub. Here, foreign buyers account for nearly half the market: in June, they accounted for about 47% of all transactions.
Over the course of the month, 1,468 apartments were sold in Batumi—8% more than a year earlier. The market volume grew to $100 million, and the average price of new apartments increased by 22%, reaching $1,455 per square meter.
However, demand across different market segments is not growing at the same rate: sales of new apartments rose by 11.6%, while transactions in the resale market fell by 26.4%.
GREA believes that interest in real estate remains high due to the limited selection of other investment instruments in Georgia. Consequently, both local and foreign investors continue to view real estate as a way to preserve capital and generate income.
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