Why Georgia’s new-build property market is one of the most profitable opportunities for international estate agents
Georgia combines three things that few markets offer at the same time: strong economic growth, low entry prices and rental yields above 7%. Its economy grew by 7.5% in 2025, according to the statistical office Geostat. In Batumi, more than half of the flats sold
Georgia combines three things that few markets offer at the same time: strong economic growth, low entry prices and rental yields above 7%. Its economy grew by 7.5% in 2025, according to the statistical office Geostat. In Batumi, foreigners bought more than half of the flats sold that year. And in Tbilisi, new homes sell for around $1,400/m².
For an estate agent, this translates into a straightforward proposition: affordable investment amounts, a purchase process that can be completed entirely remotely, no property transfer tax and a 5% tax rate on residential rental income.
Georgia also has risks that should be explained clearly, from oversupply in Batumi to political uncertainty. This analysis brings together official data and figures from the country’s leading consultancies (Galt & Taggart, Colliers Georgia, TBC Capital), the key locations, the legal and tax framework for foreign buyers, and how an agency can sell Georgian new-build property from any country.
Georgia’s new-build property market in figures (2025–2026)
Ten indicators for presenting Georgia to a client using data.
| Indicator | Figure | Source |
|---|---|---|
| Real GDP growth in 2025 | +7.5% (+9.7% in 2024) | Geostat |
| GDP per capita in 2025 | $10,296 | Geostat |
| International visits in 2025 | 6.9 million (+6.2%), including 5.5 million tourist visits (+8.4%) | Galt & Taggart (via GBC) |
| Tourism revenue in 2025 | $4.7 billion (+6%) | Galt & Taggart (via GBC) |
| Flats sold in Tbilisi and Batumi in 2025 | More than 59,000, worth $4.3 billion (+7%) | Colliers Georgia (via BM.GE) |
| Flats sold in Batumi in 2025 | 17,478 (+15%), worth around $1.3 billion (+24%) | Galt & Taggart (via Investor.ge) |
| Foreign buyers’ share of the Batumi market | 52% of sales in 2025 | Galt & Taggart (via Investor.ge) |
| Average turnkey price in Batumi | $1,865/m² in 2025 ($1,699 in 2024) | Galt & Taggart (via Investor.ge) |
| Average new-build price in Tbilisi | $1,408/m² (April 2026) | Galt & Taggart (via BM.GE) |
| Gross rental yield | 7.53% in Tbilisi and 7.31% in Batumi (February 2026) | Global Property Guide (via Rielt) |
Economic growth and tourism: why Georgia attracts capital
Georgia is one of the fastest-growing economies in Europe and the surrounding region. Real GDP increased by 7.5% in 2025, following growth of 9.7% in 2024, and nominal GDP exceeded 104 billion lari (Geostat). In November 2025, real estate activities were among the sectors contributing most to growth (BM.GE).
A tourism sector diversifying its source markets
The country recorded 6.9 million international visits in 2025, and tourism revenue reached $4.7 billion. In the final quarter, revenue from Israel grew by 37% and revenue from the European Union by 26.6%. Galt & Taggart forecasts 6.1 million tourists and $5 billion in revenue in 2026 (GBC).
This tourism drives holiday letting in Batumi and the mountain resorts, and introduces new investors to the country every year.
Why it appeals to international buyers
- Low entry cost. With average prices of $1,400/m² in Tbilisi and $1,865/m² in Batumi, an investment apartment costs a fraction of the price of one on the Mediterranean coast.
- Rental yield. Gross yields are around 7.3–7.5%, according to Global Property Guide.
- Straightforward taxation. No property transfer tax, a 5% tax rate on residential rental income and capital gains exempt after two years of ownership.
- Remote purchasing. The property register is digital, fast and searchable online.
Yields, prices and foreign buyers
Tbilisi is a market supported by local demand; Batumi is one of the coastal markets with the highest proportions of foreign buyers in the region. This difference determines how each city is marketed.
Tbilisi: volume and stability
In Tbilisi, 42,388 flats were sold in 2025, 4.3% more than in 2024, according to Galt & Taggart (Global Property Guide). In the January 2026 developer survey, Georgian buyers accounted for around 77% of off-plan sales, followed by Israelis (10%) and Russians (3%) (Global Property Guide). In April 2026, 3,641 new flats were sold, making it one of the strongest months since 2022, at an average price of $1,408/m² (BM.GE).
Batumi: international buyers dominate
In Batumi, 52% of flat sales in 2025 were to foreign buyers, with Israel (13% of the total), the European Union and neighbouring countries as the main sources. The market generated around $1.3 billion in sales, and the average turnkey price rose to $1,865/m² (Investor.ge). Colliers Georgia estimates that foreigners accounted for 70% of the growth in transactions in 2025 (BM.GE).
Yields: high, but normalising
The average gross rental yield in Batumi fell from 8.8% in 2024 to 7.4% in 2025 because purchase prices rose faster than daily rates, which remained stable at around $35.6 (Investor.ge). Even so, Galt & Taggart’s analysts still consider it high relative to comparable markets, while Global Property Guide puts the yield in Tbilisi at 7.53%.
The key to selling is to promise only what the data supports: discuss estimated gross yields, explain the costs and do not confuse peak-season income with the annual average.
Key locations: Batumi, Tbilisi, Gudauri and Kobuleti
Batumi is the international investor’s market, Tbilisi offers stable demand, and Gudauri is the mountain niche. Each location suits a different buyer profile.
| Location | Key reference point | Buyer profile |
|---|---|---|
| Batumi, New Boulevard | More than 6,800 sales in 2025, the city’s leading submarket | Holiday-let investor seeking seafront high-rise property |
| Batumi, Alley of Heroes | Around 4,000 sales in 2025 | Investor or mid-priced second-home buyer |
| Old Batumi | More than $3,000/m², the most expensive area | Affluent buyer |
| Batumi outskirts | Below $1,500/m² | Investor seeking the lowest entry cost |
| Tbilisi, Saburtalo, Didi Dighomi and Samgori | The districts with the most new-build sales in April 2026 | Local buyer, foreign professional or long-term rental investor |
| Tbilisi, Vake and Mtatsminda | The capital’s most expensive districts | High-end buyer |
| Gudauri | Ski resort in the Caucasus | Investor in holiday lets for the ski season |
| Kobuleti | Black Sea coast north of Batumi | Buyer seeking a quieter seaside second home |
Sources: Galt & Taggart for Batumi (Investor.ge) and Tbilisi (BM.GE); Geostat for Tbilisi’s districts (Global Property Guide).
Batumi versus Tbilisi
In Batumi, agents sell rental returns and a seaside lifestyle to predominantly foreign buyers. In Tbilisi, they sell an asset with a deep pool of local demand, which can be let to residents all year round. A balanced portfolio offers both.
Legal and tax framework for foreign buyers
Foreigners can buy residential property in Georgia with full ownership rights, without a local partner or a residence permit. The only significant restriction concerns agricultural land (PB Services). Registration with the Public Registry takes one to four days.
| Item | Applicable treatment | Comment |
|---|---|---|
| Property transfer tax | None | Only registration fees and, if used, notary fees |
| Annual property tax | Between 0% and 1% | Depends on household income in Georgia; no tax is payable below 40,000 lari a year |
| Residential rental income | Flat rate of 5% | For registered individual landlords |
| Capital gain on sale | Exempt after two years of ownership | Taxable if held for less than two years |
| Inheritance tax | None | — |
Sources: PB Services, Metropolitan Real Estate.
Residence through property purchase: the threshold rises to $150,000
Since 1 March 2026, the renewable one-year temporary residence permit has required ownership of non-agricultural property with a market value of at least $150,000, up from the $100,000 threshold in place since 2019. Several properties can be combined to meet the threshold, and from that date the permit alone no longer entitles its holder to work in the country (Legal.ge). Those who already held a permit under the previous threshold can continue renewing it as long as they retain ownership of the property (Erickson Immigration Group).
For investments of $300,000 or more, a five-year investment residence permit is available, with subsequent access to permanent residence.
For agents, the new threshold is also a selling point: a buyer seeking residence has a clear incentive to choose a $150,000 home or combine two units.
This is general information and should be reviewed by a lawyer or tax adviser in Georgia before each transaction.
Risks in the Georgian market and how to manage them
Georgia is a profitable market, but it is not risk-free, and agents who explain this clearly earn investors’ trust.
| Risk | What the data shows | How to manage it |
|---|---|---|
| Oversupply in Batumi | Around 12,400 unsold homes in the projects surveyed at the end of 2025 (+14%) | Choose the location and developer carefully; prioritise areas with proven demand, such as New Boulevard or Old Batumi |
| Falling yields | Gross yields in Batumi fell from 8.8% to 7.4% between 2024 and 2025 | Always present estimated gross yields and management costs |
| More moderate price growth | Forecast price increases of 4–6% in Batumi and 3.2% in Tbilisi in 2026 | Sell the asset on income and diversification, not rapid capital appreciation |
| Political uncertainty | In November 2024, the government suspended EU accession talks until the end of 2028, prompting subsequent protests | Monitor developments and explain them to clients without exaggerating or concealing them |
| Dependence on specific source markets | The share of Israeli and Russian buyers creates exposure to geopolitical tensions | Work across several demand pools: the EU, the Middle East and Central Asia |
| Developer solvency | Off-plan purchases depend on each developer’s ability to deliver | Check permits, delivery track records and ownership in the Public Registry |
Sources: Galt & Taggart (Investor.ge); TBC Capital and Galt & Taggart (Global Property Guide); Al Jazeera.
How agents can access Georgian new-build property: Habihub
In a market with abundant supply and uneven quality, an agent’s value lies in filtering the options: knowing which developer delivers, which project has demand and which homes are still available. Habihub, the international new-build MLS with a presence in Spain, Portugal and Georgia, brings structure to this selection process.
The Georgia catalogue
According to the platform’s public data in November 2026, the new-build property catalogue for Georgia brings together 11,840 homes in 92 active developments from 40 developers in Tbilisi, Batumi and Gudauri. It is the market with the most homes on the entire platform, with developments in Batumi advertised from €45,240 on its landing page. Only developers with verified licences and projects available for sale are included.
Each development includes pricing and availability synchronised with the developer, commission visible before agents offer it to clients, photographs, floor plans and brochures without watermarks, and an XML feed for the agency’s website.
How an overseas agency sells property in Georgia
1. Access the catalogue from day one and present developments to clients using professional materials.
2. Refer the buyer through the platform using the Sales Service.
3. A local agent in Georgia handles the viewing, reservation, legal work and signing.
4. The referring agency receives up to 45% of the commission, without travelling or taking on the risk of completing the sale.
An agency based in Georgia, meanwhile, sells directly with the developer and receives 100% of the commission. After 12 months on the platform, it can receive international buyer referrals for its area.
Georgia can be added as a market from €50 per month, or €40 if it is an additional market, with no minimum contract term (Pricing). For a Spanish agency, it is the most direct way to offer clients a low-entry-cost, high-yield property proposition that they cannot find on the Spanish coast.
Any agency can request a 30-minute demo to see the Georgian catalogue with real properties.
Sources
- Geostat · Gross Domestic Product of Georgia in 2025
- Geostat · Growth from January to November 2025 (via BM.GE)
- Galt & Taggart · Tourism in 2025 and forecast for 2026 (via GBC)
- Galt & Taggart · Batumi Residential Real Estate 2025 Review and 2026 Outlook (via Investor.ge)
- Galt & Taggart · Tbilisi new-build market, April 2026 (via BM.GE)
- Colliers Georgia · Sales in Tbilisi and Batumi in 2025 (via BM.GE)
- Colliers Georgia · Foreign buyers in Batumi (via BM.GE)
- Global Property Guide · Georgia residential market analysis 2026
- Global Property Guide · Rental yields, February 2026 (via Rielt)
- Legal.ge · New $150,000 residence threshold
- Erickson Immigration Group · Threshold change from 1 March 2026
- PB Services · Property purchases by non-residents and taxation
- Al Jazeera · Suspension of EU accession talks
- Habihub · Georgia market, Sales Service and Pricing
Explore the Georgia market, view Habihub’s pricing and discover how to sell international new-build property in 2026.
Frequently asked questions
Can foreigners buy a home in Georgia?
Yes. Foreigners can buy homes with full ownership rights, without a local partner or a residence permit. The only significant restriction concerns the purchase of agricultural land.
What rental yields do Batumi and Tbilisi offer?
According to Global Property Guide, average gross yields were 7.53% in Tbilisi and 7.31% in Batumi in February 2026. Galt & Taggart estimates a yield of 7.4% for Batumi in 2025. These are gross figures, before costs.
How much does a new-build flat cost in Georgia?
The average new-build price in Tbilisi was $1,408/m² in April 2026, while the average price of turnkey flats in Batumi was $1,865/m² in 2025. Properties are available for below $1,500/m² on the outskirts of Batumi, while prices in Old Batumi exceed $3,000/m².
How much do you need to invest to obtain residence in Georgia?
Since 1 March 2026, at least $150,000 in non-agricultural property has been required for the renewable one-year temporary permit. An investment of $300,000 provides access to a five-year investment permit.
What taxes does a foreign buyer pay in Georgia?
There is no property transfer tax. Residential rental income is taxed at 5% for registered individuals, capital gains are exempt after two years of ownership, and annual property tax ranges from 0% to 1% depending on household income.
Who buys property in Batumi?
In 2025, foreigners bought 52% of the flats sold in Batumi, with Israel, the European Union and neighbouring countries as the main sources, according to Galt & Taggart.
Is it safe to invest in Georgia?
The country is growing strongly and its registration system is fast and transparent, but there are risks: oversupply in some parts of Batumi, normalising yields and political uncertainty since the suspension of EU accession talks. Choosing the right developer and location is crucial.
How can a Spanish agency sell new-build property in Georgia?
Through a new-build MLS such as Habihub, which brings together more than 11,800 homes in Georgia. With the Sales Service, the agency refers the buyer and a local agent handles the viewing, reservation and signing; the referring agency receives up to 45% of the commission.
