According to the Relocation.com.ua project, the residential real estate market in Tbilisi showed a noticeable acceleration in early 2026: according to a report by Galt & Taggart, 3,822 apartment transactions were registered in the Georgian capital in February alone, a 15% increase year-over-year. The average sales price in the primary market reached $1,398 per square meter, the average rental rate was $10.1 per square meter, and the rental yield is estimated at 8.6%.
In January-February, the total value of apartments sold in Tbilisi approached $600 million. At the same time, the market is receiving a signal of a potential shortage of new supply: in February, only 10 permits were issued for residential projects in the city, and the floor area of new projects approved for construction decreased by 45% year-over-year.
In the structure of February sales in Tbilisi, the primary market accounted for 1,958 transactions, while the secondary market accounted for 1,864. At the same time, the secondary segment grew faster, which may indicate buyers’ preference for purchasing ready-to-move-in housing rather than waiting for construction to be completed.
More recent publicly available statistics on real estate purchases by foreigners, broken down by nationality, in Georgia’s capital itself are limited. However, in the Batumi market, which Galt & Taggart also tracks, foreigners accounted for 52% of all apartment sales in 2025. Among foreign buyers, Israelis and Europeans each accounted for 13%, Ukrainians, Russians, and Belarusians each accounted for 11%, and citizens of Turkey and Central Asian countries each accounted for 3%.
https://relocation.com.ua/residential-sales-in-tbilisi-surged-sharply-in-early-2026/
