News — 2

A wanted person was arrested near Tbilisi airport for allegedly defrauding a Georgian citizen of real estate valued at GEL 2.741 million. The case highlights serious fraud risks in Georgia's property market.

Iranian companies registered in Georgia have grown by 510% since 2012, according to the Economic Policy Research Center. The businesses are primarily engaged in small-scale trade, real estate transactions, services, and construction.

Georgia is experiencing rapid growth in registered Iranian companies with total investments of approximately $41 million. These companies are active in trade, real estate, services, construction, and logistics, raising concerns about potential sanctions evasion.

Expats transferring money to Georgia through third countries face significant obstacles: the Georgian exchange does not provide detailed transaction reports, banks freeze accounts for several weeks, and clients lose deposits on real estate deals. The article examines the causes of these problems and ways to avoid them.

Georgia has strengthened requirements for its investment residence permit, requiring real estate investments of at least $300,000 with mandatory ownership for five years. Analysts note rising market prices and shifts in buyer strategies.

Tbilisi strengthens its position as a leading investment hub, with sales of newly built apartments showing strong growth. Georgia increasingly attracts global real estate investors seeking emerging market opportunities.

A football club coach has been arrested in Georgia for organizing a scheme to obtain residence permits through false employment contracts. According to the investigation, foreigners paid $3,000 for each fraudulent contract.

According to the National Bank of Georgia, 15.1% of Russian citizens in the country as of June 30, 2026, have resident status. The data is relevant for foreigners considering residency, tax status, and long-term residence in Georgia.

According to the National Bank of Georgia, Russian citizens spent $307 million in the country in the first half of 2026, but spending declined 25% year-over-year. Approximately 15% of Russian citizens residing in Georgia hold resident status.

Tbilisi authorities announced plans to demolish the Rike Jugs complex, a notable architectural landmark in the city center. The demolition is part of ongoing urban redevelopment efforts in Tbilisi.

Georgia is allocating €30 million for major renovation of student dormitories as part of residential infrastructure investment. The real estate market is growing, with foreign investors purchasing entire residential developments and urban quarters.

According to Galt & Taggart's analysis, price growth in Georgia's residential property market has stabilized, with primary market prices in Tbilisi rising by 6.1%. The report highlights key demand drivers in Georgia's real estate sector.