Foreign investment fell in Q2 — but a quarter of it still went into property

Foreign direct investment into Georgia reached USD 468.8 million in the second quarter of 2026, reported in early September. That is a fall of 23.2% against the same quarter a year earlier. A single quarter of FDI is a noisy series everywhere — one large transaction lands or does not — so the direction is worth more attention than the precise percentage.

China was the largest single investor at USD 219.5 million, about 46.8% of the total. The United Kingdom followed with USD 123.5 million, roughly 26.3%, and the United Arab Emirates with USD 47.7 million, around 10.2%. Between them the three accounted for more than eight tenths of the quarter's inflow — a concentration that makes the headline figure sensitive to a small number of decisions.

By sector, financial and insurance activity took USD 207.6 million, about 44.3%. Real estate came second at USD 119.9 million, roughly 25.6%, and manufacturing third at USD 59 million, around 12.6%. For anyone weighing a property purchase, the useful point is not that property led — it did not — but that a quarter of declining foreign investment still chose it, in a quarter when the overall number went backwards.

Very little on its own. FDI measures capital crossing a border, not local demand, and it says nothing about what a two-bedroom flat in Saburtalo will rent for next spring. It is useful as a check on a story rather than a basis for one: if you are being told that international money is pouring in at an accelerating rate, this quarter does not support that. If you are being told investors have left, a quarter of the inflow landing in property does not support that either.