Market insights, investment guides, neighborhood analysis and practical resources for international investors — the research library we wish existed when our clients started looking at Georgia.
The complete orientation: the economic case, official district-by-district prices and rents, six investment strategies with worked math, the buying process, the full tax picture, remote management, and residency — in one cited, honest document.
Instant download. On the live site, this also registers you for the monthly Investor Brief (unsubscribe anytime).
District-level analysis for the areas investors actually ask about — prices, rents, yields, tenant profiles, and the honest pros and cons.
$2,176/m² · +7.8% YoY · the premium tenant pool
Central scarcity · strongest price growth (+12.6% district)
$1,598/m² · best price-to-rent ratio · universities & metro
+10.3% YoY · Fabrika regeneration · value-add territory
Until each report publishes, the interactive district analysis covers all five investment districts with the same data. Related now: Buying in Vake as a Foreigner · Rent in Saburtalo Guide
In the pipeline: how to calculate rental yield in Tbilisi · gross vs net yield explained · what expenses foreign landlords should expect · cash vs mortgage purchase · managing property remotely · property management costs. Full library: tbilisihome.ge/blog
District price movements · rent levels by apartment size · yields · transaction volumes · foreign-buyer activity · what changed this quarter and what it means for investors.
Compiled from Geostat, NAPR, NBG, Galt & Taggart and TBC Capital data — the same sources cited across this platform, digested quarterly.
Most brokerages publish listings. Research desks publish market reports. The quarterly report is how this platform stays current — every figure on every page traces to the latest edition, and subscribers get it first.
Get it via the Investor Brief →Annual rental income ÷ total investment, before expenses. Tbilisi citywide average: 7.53% (Feb 2026). Always ask what denominator a quoted yield uses.
Net operating income (after management, tax, maintenance, vacancy) ÷ total investment. The number that actually lands in your account — typically 60–70% of gross in Tbilisi.
Effective rental income minus all operating expenses, before any mortgage payments. The measure of the property as a business.
Annual cash flow ÷ cash actually invested. Equals net yield for cash buyers; for leveraged buyers it shows what the mortgage does to returns — at Georgia's ~8% FX rates, often negative.
The annualized return over the whole hold, counting every cash flow and the sale. The most complete single metric — our calculator computes it properly.
Increase in property value over time. Tbilisi apartments: +3.5% citywide in 2025, ranging +3.3% to +12.6% by district (Geostat). Never assume peak-year rates forever.
Creating equity through improvement — buying below-average stock and renovating at Tbilisi's $150–330/m² contractor rates to re-rate value and rent.
The share of time your property earns. We model 95% (≈18 vacant days/year) as standard — 100% assumptions are how amateur projections lie.
A yield computed from separate price and rent statistics (e.g. Geostat prices ÷ G&T rents) rather than a single observed transaction — honest shorthand, always labeled on this platform.
Yes — freehold, with the same rights as citizens, for apartments, houses and commercial property. Only agricultural land is restricted. No visa or residency is required to buy, and remote purchase via power of attorney is standard practice.
The citywide gross average is 7.53% (Global Property Guide, Feb 2026). By district, derived gross yields range from ≈5.6% in premium Mtatsminda/Vera (where you're buying scarcity and appreciation) to ≈8.8% in Saburtalo (the best price-to-rent ratio). Net yields typically land at 60–70% of gross after management, the 5% rental tax, and maintenance.
Income-producing apartments start around $60–100k in value districts. The core investor range is $150–300k — 1–3 bedroom apartments in strong districts, fully renovated and furnished — and $150k+ also carries residence-permit eligibility. Premium and portfolio strategies run $300k to several million.
Both work, in different districts. Yield strategies favor Saburtalo, Chughureti and Dighomi (7.5–8.8% derived gross); appreciation strategies favor Vake, Vera and Mtatsminda (+7.8% to +12.6% in 2025, lower yields). Most of our clients blend the two — and the honest answer starts with your goal, which is what our strategy consultation is for.
5% of gross rental income under the registered-landlord regime (vs 20% standard), 0% capital gains if you sell after 2+ years of ownership, no stamp duty or transfer tax on purchase, and a 0–1% annual property tax scaled to household income. Confirm your specific situation with counsel — treatment depends on structure and residency.
We do — tenant placement, rent collection, maintenance, inspections and monthly owner statements, at 8% of collected rent (full management) with no fee while vacant. That model is the reason remote ownership works: see the Property Management page for the complete service breakdown.