Georgia attracts overseas buyers with low entry prices, easy purchase rules and a high city-centre gross yield of 8.5% (2024). The Georgia property market data also shows faster growth than neighbours at 7.5% (2025) and a flood of newcomers. Read the numbers alongside the risks before browsing property for sale in Georgia.
Prices and what they buy
City-centre homes average about $1,577 per m² (2023), with outside-centre homes at roughly $925 per m² (2023). Average monthly net salary is around $493 (2024), and the price-to-income ratio is 13.0 (2024), so locals are stretched, while foreign buyers earning in dollars or euros find prices low.
Most activity is in Tbilisi, Batumi and a few ski and wine regions. New-build apartments sold off-plan dominate listings, with many sold as hotel-style or serviced units. For budget stock, see properties under $100k in Georgia and cheap properties in Georgia.
| Indicator | Value | Year |
|---|---|---|
| Price per m², city centre | $1,577 | 2023 |
| Price per m², outside centre | $925 | 2023 |
| Price-to-income ratio | 13.0 | 2024 |
| Gross rental yield, city centre | 8.5% | 2024 |
| Price-to-rent ratio | 11.7 | 2024 |
| 1-bed rent, city centre | $601 | 2024 |
The yield story
A 8.5% gross yield (2024) and a price-to-rent ratio of 11.7 are exceptional for a country with Georgia's safety record. A one-bedroom in the centre rents for about $601 a month (2024).
Be careful with the source of that rent. A big share of tenants since 2022 came from relocation waves, and some of that demand has cooled. Rents depend on the Russian, Ukrainian and Israeli relocation flows, tourism and short-term lets. Underwrite lower occupancy than the brochure and test what happens if rents fall by 15 to 20%.
Read more (3 more sections)Show less
Growth, inflation and rates
GDP of about $38 billion grew 7.5% (2025) while the reported population growth of 3.2% (2025) looks too high to rely on, so we do not lean on it. Inflation was 3.9% (2025), unemployment is high at 12.1% (2025) and government debt is a modest 35.7% of GDP (2024). Corporate tax is 15% (2026) and the corruption index scores 53 (2024), better than most of the region.
Borrowing is expensive: the 20-year mortgage rate was 11.8% (2023) and the lending rate 15.8% (2025). Foreign buyers mostly pay cash. Our Georgia financing page lays out the alternatives, and the buying guide explains the straightforward purchase process.
An 8.5% gross yield is a reward for taking on demand risk that depends on relocation flows and tourism, not a guaranteed return.
Risks
- Geopolitics: proximity to Russia and the occupied regions influences sentiment.
- Supply wave: large new-build pipelines in Tbilisi and Batumi can pressure resale values.
- Currency: the lari fluctuates and many sales are dollar-priced.
- Developer risk: check permits, delivery history and escrow before paying instalments.
- Policy: political tension with the EU and new foreign-influence legislation have raised questions about future investment climate.
Outlook
Growth is strong and entry prices are low, but the story relies on continued inflows. Expect continued rental demand in prime Tbilisi and Batumi areas, softer outcomes elsewhere. Use the valuation tool to check developer pricing and contact us for independent due diligence.
Last updated 8 October 2026