Demand for real estate in Georgia from Israel buyers has doubled in recent weeks, according to Shio Khetsuriani, CEO of Archi, who spoke to BMG about current market trends. Despite heightened geopolitical tensions in the region, he says Georgia continues to maintain a reputation as a stable and safe investment destination and this is directly reflected in sales performance.
“Over the past two weeks, the situation in the Middle East has sharply deteriorated. Despite this, Georgia’s real estate market remains stable. In fact, demand from abroad has increased. For Archi, demand from Israel has essentially doubled,” Khetsuriani said.
He noted that this surge is not an isolated occurrence but a clear, measurable trend. “Typically, Israel citizens account for about 20% of our sales. In the last two weeks, that number has risen to around 40%. So this is not just one or two cases - it is a significant increase.”
Interest from Gulf countries is also rising. Khetsuriani says brokerage firms across the Middle East are now proactively approaching Georgian developers. “Brokerage companies from the Middle East are reaching out directly, seeking to build business relationships with us. They see that Georgia currently offers peace, safety, and stability and they view this as an opportunity for investment and income generation.”
On expected price developments in Georgia’s real estate market, the Archi CEO explains that several factors shape pricing, including construction costs and the supply-demand balance. “Naturally, the market reflects this balance. If demand continues to increase - especially while construction costs are steadily rising - property prices will also grow in the near future,” he said. While an exact percentage is difficult to predict, Khetsuriani emphasized that demand clearly exceeds supply, and construction costs remain on an upward trend, making further price increases likely.
