Is Georgia good for real estate investment?
5% rental tax, zero capital gains after two years, 17,478 Batumi sales in 2025, 8–10% growth — and the four risks nobody selling you an apartment mentions.
What genuinely works in Georgia's favour
Ownership is clean and fast. Freehold title, a functioning Public Registry, same-day or next-day registration, no requirement for a local partner or a company structure, and no visa needed to buy.
The market is liquid where it matters. 17,478 apartment transactions in Batumi in 2025, over $1 billion in value, about 52% of it foreign. Liquidity is what lets you exit, and it is the thing most emerging property markets lack.
Entry prices are still low. Around $1,395–1,500 per square metre on average. A residency-qualifying apartment costs what a parking space costs in several European capitals.
The four risks
2 · Off-plan delivery risk is real. You do not own anything until the finished building is registered. Look at what a developer has completed, not at what they are rendering.
3 · Supply is arriving. A great deal of new stock is entering both cities. Colliers expected this to balance rather than crash prices through 2026, but a forecast is not a floor, and buildings that are indistinguishable from thirty others compete on price.
4 · The country carries geopolitical risk. Georgia borders Russia, has two occupied territories, and had a politically turbulent 2024–25 that visibly slowed Tbilisi transactions in the first four months of 2025 before they recovered. Anyone who presents Georgian property as risk-free is either not informed or not honest.
What a realistic return looks like
- Gross annual rent ÷ purchase price = gross yield.
- Then subtract management (15–25% of revenue for a short-let operator), the 5% income tax, service charges, utilities between guests, and the weeks the unit sits empty.
Run your own numbers before you believe anyone's, including ours.
Common questions
What rental yield is realistic in Georgia?
It depends entirely on city, season and whether the figure is gross or net. Rather than quote a number we cannot stand behind for your specific unit, use the calculator with the building's own price and a rent you have actually verified.
Is it better to buy off-plan or finished?
Off-plan is cheaper and carries delivery risk plus no ownership until registration. Finished costs more and gives you an asset, income and residency eligibility immediately. If residency is your reason for buying, finished usually wins.
Can I get my money out of Georgia?
Georgia has no currency controls on moving funds out, and sale proceeds can be transferred abroad. Keep every payment traceable through banks in your own name from the start — that is what makes the exit straightforward.
Figures checked September 2026 against Colliers Georgia, Galt & Taggart, TBC Capital and Georgian government sources. Rules change; confirm anything you are about to act on.