Georgia Real Estate Guide 2025 — Buy Property, Prices & Rental Yield

Complete guide to buying property in Georgia 2025: Tbilisi & Batumi price per sqm, foreigner ownership rights, registration process, rental yields and residency permit.

Georgia Real Estate Market Overview

Georgia has emerged as a compelling destination for international property investors. With consistent economic growth, a streamlined property registration system, and generous ownership rights for foreigners, the country attracts buyers from Turkey, Russia, Ukraine, the Middle East, and beyond.

Tbilisi vs Batumi — Which Should You Choose?

Tbilisi, Georgia's capital and economic hub, offers stable long-term rental income. In central districts (Vake, Mtatsminda, Saburtalo) the average sale price is $1,200-$2,500/m². Long-term tenancy demand is robust, with average annual rental yields of 6-9%.

Batumi is a rapidly growing Black Sea resort city. New-build apartment prices range from $900-$2,000/m², reaching $2,500/m² in premium waterfront projects. High tourism seasons make short-term rental (Airbnb) yields of 10-15% annually achievable.

As of 2025, prices across Georgia have roughly doubled compared to pre-2021 levels, yet remain affordable relative to Western European capitals or Istanbul.

🌍

Why Georgia?

Low taxes, minimal bureaucracy, open property market for foreigners, and a booming tourism economy. Turkish citizens also enjoy visa-free stays for up to 365 days.

💰

Current Prices (2025)

Tbilisi centre: $1,200-$2,500/m². Batumi new-build: $900-$2,000/m². Kutaisi: $600-$1,200/m². Budget-friendly Rustavi: $500-$900/m².

🏛️

Foreign Ownership Rights

Georgia's Constitution permits foreign nationals to purchase property. Full ownership rights apply to residential, commercial and office properties. Agricultural land and forests are excluded.

📋

Property Registration

Registration is fully digital and transparent. Title deeds are issued within 1-3 business days at the Justice House. Standard transfer tax is 0%; notary and service fees total approximately 200-500 GEL.

📈

Rental Yield

Long-term rental: 6-9% annually. Short-term (Airbnb/Booking): 10-15% (higher in Batumi peak season). Property management companies handle remote management for 15-20% commission.

🏠

Residency Permit

Foreigners who purchase property worth 100,000 GEL (~$36,000 USD) or more may apply for a residency permit. After 5 years of residence, permanent residency is available.

The Buying Process — 4 Steps

Property Selection & Letter of Intent: Find a property via listing portals or a local real estate agent. Sign a letter of intent; a deposit of 5-10% is typically required at this stage.
Legal Due Diligence: Verify the title records at nasp.gov.ge. Check for mortgages, liens or encumbrances. Consulting a qualified Georgian lawyer is recommended (typical fee: $300-$800).
Sale Agreement & Payment: The agreement is signed at a notary or Justice House. Payment is made by bank transfer; there are no foreign exchange restrictions.
Title Registration: Submit the agreement to the National Agency of Public Registry. Express processing: 1 business day (200 GEL); standard: 3 business days (50 GEL). The title certificate (sachibis mowmoboba) is issued in both digital and printed form.

Tax Summary

Tax Type	Rate	Notes
Transfer Tax	0%	Not applied under standard conditions
Property Tax	0-1%	Annual, varies by income
Rental Income Tax	5%	Individual withholding tax
Capital Gains Tax	5%	If sold within 2 years of purchase
VAT	18%	Commercial transactions only