Georgia's real estate market is experiencing a significant shift as foreign investors move to acquire properties in bulk, with transactions of 30–50 apartments in projects under construction becoming increasingly common. This emerging trend signals growing confidence in the country's property market, driven by investors seeking to capitalize on rising valuations and generate substantial returns on their capital.
According to the Georgian Real Estate Association (GREA), large-scale acquisitions have grown widespread among foreign buyers who anticipate profits from climbing property values. In a recent major development project, approximately half of the 150 apartments were sold through such bulk deals. Investors participating in these transactions expect returns of approximately 25–30% over a relatively short investment horizon, demonstrating the attractiveness of the current market environment.
Tbilisi Market Dynamics
The capital city of Tbilisi is the primary driver of market activity. According to Colliers International, 4,484 apartment transactions were recorded in June 2026—representing a substantial increase of 34.7% compared to the same period a year earlier. The total market volume reached $387 million, marking a year-over-year growth of 53.9%.
Housing prices in Tbilisi continue their upward trajectory, with the average price rising by 13.5% to reach $1,314 per square meter. New residential developments remain the dominant factor: sales of apartments in newly constructed buildings surged by 54.7%, while the resale market grew at a more modest rate of 36.5%. Despite the influx of foreign capital, Georgian citizens still account for approximately 90% of all transactions in the capital, according to Prian estimates.
Batumi: Foreign Investment Hub
The coastal city of Batumi presents a markedly different investment landscape. As the country's primary tourist destination, Batumi has attracted foreign buyers at a significantly higher proportion: foreign investors accounted for approximately 47% of all real estate transactions in June 2026. Over the course of the month, 1,468 apartments were sold—an increase of 8% compared to the previous year.
Batumi's real estate market volume reached $100 million in June, with the average price of newly constructed apartments increasing by 22% to $1,455 per square meter. However, market performance varies significantly by segment: sales of new apartments rose by 11.6%, while the resale market contracted by 26.4%—indicating a marked preference among buyers for newly developed properties.
The Georgian Real Estate Association attributes sustained investor interest to the limited availability of alternative investment instruments in Georgia. Both local and foreign investors continue to view real estate as a primary vehicle for capital preservation and wealth generation, driving ongoing demand across multiple market segments and price points.