Tbilisi (GBC) - TBC Capital’s market review notes that the residential real estate market has grown significantly in recent years. According to the study, the size of the primary real estate market in Georgia in 2025 was $2.497 billion, compared to $2.3 billion in 2024.

According to the investment company’s research, Tbilisi and Batumi shared the largest share of the market in 2025. In particular, the capital’s share was 68%, while the seaside city of Batumi had 21%.

As for the purpose, the share of real estate sold for residential purposes across Georgia was the highest in Tbilisi, at 80%. In contrast, Batumi led the way in the category of real estate sold for investment purposes (85%).

“Following a sharp increase in demand in 2022, the Georgian residential real estate market entered a stable phase in 2024-2025,” reads the TBC Capital review.

More specifically, according to these data, 78.5 thousand residential units were sold in the country in 2025, of which 49.2 thousand were sold on the secondary market and 29.3 thousand on the primary market. It is noteworthy that transactions increased by 6% compared to 2024.

Prices

In 2025, the average price of 1 sq m in Tbilisi increased by 8% annually and amounted to $ 1,312. For reference, in 2024 the average price was within $ 1,260.

In addition, the study notes that prices in the premium segment are twice as high as the average price.

More specifically, by category, the prices of residential real estate in Tbilisi are as follows:

  • Economy - $786
  • Economy + - $1,067
  • Comfort - $1,439
  • Premium - $2,087
  • Premium + - $2,821
  • Luxury - $4,088