In July 2026, Georgia's real estate market demonstrated uneven dynamics: the capital significantly strengthened its position, while the Black Sea resort faced difficulties. According to Colliers Georgia, housing demand in Tbilisi increased by 22.8%, which positively affected transaction volumes, while Batumi is experiencing a decline in activity.
Growth in the Capital: Volumes and Pace
Sales dynamics in Tbilisi proved impressive. In July, 4,486 apartments were sold, and the total value of sold properties reached $393 million. Compared to 2025, this represents an increase in financial volumes by 36.7%, which testifies not only to an increase in the number of transactions but also to a rise in average housing prices.
The Situation in Batumi
In Batumi, the situation is opposite. Sales fell by 11.8%, with transaction volume totaling $92 million. The number of sold apartments in the resort area was noticeably lower — 1,378 units, and the monetary indicator declined by 5.2% compared to 2025. Current property prices in Batumi range from $1.2—1.23 thousand per square meter.
Buyer Structure
Georgian citizens form the primary demand for Georgian housing. However, a significant role belongs to foreign investors and those seeking a place of residence in the region. Active buyers include citizens of Israel, European countries, Russia, Ukraine, Belarus, and Turkey, which indicates the attractiveness of the market for regional investors.
Investment Appeal
Property in Tbilisi remains promising for investment. Rental income from housing in the capital stands at 8.4%, which attracts those who view acquisition as a source of passive income. Furthermore, as of March 1, 2026, the property value threshold for obtaining a residence permit was raised to $150,000, which may affect the strategy of investors relying on immigration benefits.