All real estate in Tbilisi, Georgia

Real Estate in Tbilisi

Location, climate, economy, and culture

Tbilisi is the capital of Georgia, located on the banks of the Kura River, in the Tbilisi Basin. The climate is transitional from subtropical to moderately warm. Summers are hot, winters are relatively mild and dry. The peak temperature is reached in July, when daytime temperatures range from +25°С to +40°С. In winter, the average is a mark of +3°C and snow is a rare phenomenon.

Tbilisi is an industrial, transport, cultural, historical and tourist center of the country, an important place for the implementation of transnational energy and trade projects. This is the most important junction of the Georgian railway. The city has an international airport, metro, cable car and funicular, public transport (fixed-route taxis, buses, trolleybuses). The city is engaged in scientific and educational activities, universities and academic organizations are concentrated in it. It also has an open-air cultural and historical museum with architectural monuments (the historical core is the Old Town with objects of medieval buildings). There are many museums and theaters on Rustaveli Avenue. Modern quarters in European style face wide boulevards and avenues with park areas.

Market and real estate prices in Tbilisi

Activity in the market is increasing. The growing number of sales can be largely explained by the arrival in Georgia of citizens of Russia and Belarus against the backdrop of force majeure in their countries. Sales especially increased in Chugureti, Samgori, and Vake regions. But the largest number of transactions falls on Saburtalo and Didi Digomi districts.

Experts state that real estate prices in Tbilisi have also increased significantly. The main buyers of apartments are IT-specialists - people with significant savings. According to some estimates, the price increase is almost twofold, but it is more realistic to talk about 20%, and in prestigious areas of the city - 50%. Now the average price for apartments in Tbilisi in residential areas is about 700-800 USD per sq.m, but it can increase here up to 1000 USD per sq.m. In the tourist-attractive Old Town, the districts of Vera, Mtatsminda, neighborhoods near the Narikala fortress and sulfur baths, on Freedom Square and near the Metekhi temple the prices start from 1,000 USD per sq.m. The price of a detached house with several rooms is from $200,000 per house.

No one can predict how long the uptrend will last, as it has more to do with geopolitical processes than with macroeconomic factors.

Property types for sale

 Following real estate is presented in the city:

•  primary and secondary housing;
•  commercial fund (warehouse, retail, office facilities);
•  buildings at the stage of design or construction;
•  vacant land plots for building.

Real estate in Tbilisi in the historical part is more intended for short-term rental to tourists and it is especially attractive to foreign investors. Apartments in "Italian courtyards" are less in demand, since the windows of such apartments almost always face the courtyard, but there are very nice courtyards (after reconstruction and restoration).

You can buy residential real estate in Tbilisi on the primary market in a residential complex at different stages of construction and in different condition: black frame condition (with the completion of concrete, cement work), white frame condition (plumbing, electrical work), green frame condition (finished housing with cosmetic repairs without furniture, and equipment), turnkey apartments (with furniture, equipment). The green frame is the most common purchase option by foreign investors, as is the turnkey option. Customer reviews confirm the compliance of the constructed facilities with building standards.

Real estate website in Tbilisi (full catalog)

It is safer to use the information of experts and follow their recommendations. Investors and buyers can be helped by a real estate website in Tbilisi - GEOLN.COM.

Sale of real estate in Tbilisi (nuances)

Since the statement and transaction are drawn up in Georgian, it is important to find an interpreter. A positive feature of the acquisition can be considered the presence of interest-free installments provided by many developers. Real estate can be bought for cryptocurrency. The new buildings do not have centralized heating, they use gas water heaters, air conditioners with a heating function and other equipment that the owner of the apartment buys on his own.

Foreign citizens can purchase any residential property in Tbilisi, except for agricultural land (it is possible to change the status of the land). If the cost of the purchased housing is one hundred thousand dollars or more, the foreigner has the right to obtain a residence permit.

Buying real estate in Tbilisi offers a great profitable investment in order to generate income from renting the housing out, living in a city popular with tourists and with a rich history and developed infrastructure, friendly locals, and a comfortable climate.

Real estate prices in Tbilisi