Tbilisi: apartment prices, rent and yield 2026
Updated
Every figure has a source, a date and a status: verified (we read the official or primary source), press (a media report), estimate (an aggregator or agency), calculation (our formula, shown in the tooltip).
Calculate an apartment in Tbilisi
Price per m²
- New builds (primary market)$1,426 per m²
July 2026 · Galt & Taggart / GBC · press
- Resale in new buildings$1,372 per m²
July 2026 · Galt & Taggart / GBC · press
- Average asking price on the resale market$1,363 per m²
+3% over the year
August 2026 · TBC Capital · verified
Price by class
- Economy$865 per m²
12 months, August 2026 report · TBC Capital · verified
- Economy+$1,215 per m²
12 months, August 2026 report · TBC Capital · verified
- Comfort$1,640 per m²
12 months, August 2026 report · TBC Capital · verified
- Premium$2,394 per m²
12 months, August 2026 report · TBC Capital · verified
- Upper premium$3,172 per m²
12 months, August 2026 report · TBC Capital · verified
- Luxury$4,340 per m²
12 months, August 2026 report · TBC Capital · verified
Rent and yield
- Rent$10.3 per m² a month
August 2026 · TBC Capital · verified
- Rent$10.1 per m² a month
July 2026 · Galt & Taggart / GBC · press
- Gross yield8.3%
August 2026 · TBC Capital · verified
Gross: before taxes, the agent, empty months and costs; the calculator works out what you actually keep.
Deals
- Apartments sold in the month3,408 apartments
+21% year on year
August 2026 · TBC Capital · verified
- Sales value in the month$303 million
+26% year on year
August 2026 · TBC Capital · verified
- Deals in the year42,388 deals
2025 · Galt & Taggart · verified
New builds by construction stage
- Black frameGEL 3,340 per m²
Q2 2026 · Geostat / Sputnik Georgia · press
- White frameGEL 3,703 per m²
Q2 2026 · Geostat / Sputnik Georgia · press
- Green frameGEL 4,409 per m²
Q2 2026 · Geostat / Sputnik Georgia · press
Price history
- Price growth per m² in dollars over 10 years: $882 (ISET REMLab) → $1,341 (TBC Capital), two series joinedabout 4.3% a year
Q1 2016 to March 2026 · ISET REMLab, TBC Capital · calculationFormula: ($1,341 ÷ $882)^(1/10) − 1
This is the past, not a forecast.
Short-term rental
- Short-term rental listings6,075 to 6,892 listings
as of 24 October 2026 · AirROI · estimate · Airbtics · estimate
- Occupancy according to AirROI41.6%
as of 24 October 2026 · AirROI · estimate
- Occupancy according to Airbtics64%
as of 24 October 2026 · Airbtics · estimate
The sources disagree, so we show both.
Running costs
- Building maintenance in new complexes$0.30 to $1.00 per m² a month
as of 24 October 2026 · TbilisiHome · estimate
Frequently asked questions
How much is a square metre in Tbilisi?
Average resale asking price: $1,363 per m² (August 2026). New builds: $1,426 per m², resale in new buildings: $1,372 (July 2026).
August 2026 · TBC Capital · verified · Galt & Taggart / GBC · press
What is the rent in Tbilisi?
On average $10.3 per m² a month (August 2026).
August 2026 · TBC Capital · verified
What is the yield, and why do you keep less?
Gross yield is 8.3% (August 2026). That is before taxes, the agent, empty months and costs; the calculator works out what you actually keep.
August 2026 · TBC Capital · verified
What drives the price by class?
The class of the building: economy $865 per m², comfort $1,640, premium $2,394, luxury $4,340 (12 months, August 2026 report).
August 2026 · TBC Capital · verified
Calculate an apartment in Tbilisi
Latest news: Georgia
- Note on Georgia’s Tax Code: Law 1904 on tournaments does not affect property
- Tax on deposit interest in Georgia: another KPMG review gives 5%
- Credo Bank raised its euro deposit rate to 1.65%
- Investment residence permit from USD 300,000, permit for an apartment from USD 150,000, renewal without a new valuation
- The “loans up to GEL 1 million only in lari” rule does not apply to foreigners