Tbilisi — the economic and cultural hub

Year-round tenant demand

Tbilisi’s rental market is less seasonal than Batumi’s. Local professionals, foreign managers and diplomatic-sector employees support demand throughout the year. Recov’s May 2026 transaction data confirms the larger and more liquid base: 3,787 apartment sales and USD 334 million in monthly market value. The actual rental result still depends on purchase price, tenant profile, building condition and vacancy.

Foreign direct investment hub

Tbilisi receives a large share of Georgia’s foreign direct investment, which totalled USD 1.69 billion in 2025 (Geostat). The financial sector alone received USD 579.5 million in 2024. International-company demand is reducing Class A office vacancy (Colliers, Q3 2025). This supports prime rents, with the effect often reaching the residential market after 12–18 months.

ICT and remote-worker demand

Forbes Georgia and TBC Capital identify IT as one of Tbilisi’s fastest-growing sectors. Relatively low costs and the 1% small-business regime attract regional IT companies and remote workers. This demand is especially visible for one- and two-bedroom apartments in Vake and Saburtalo.

Capital appreciation and exit liquidity

According to Recov, Tbilisi recorded 3,787 apartment transactions in May 2026 (+13.1% YoY), with market value reaching USD 334 million (+32.4%). Transactions in new projects rose 15.3%: primary activity increased 11.4% and secondary activity 20.7%. Old-project transactions rose 5.1%. Foreign buyers accounted for 11.4%. Prices differ by district and segment, so a city average should not be applied directly to a specific apartment.

For an exit scenario, liquidity is more useful than a single city benchmark. May 2026 showed growth in both primary and secondary activity in new projects, while old-project transactions also increased. That supports resale depth, but the final price still depends on district, building quality, repair state and the buyer pool for that asset.