Sales in Georgia's secondary residential property market have risen sharply, reaching their fifth-highest level since 2023, according to Galt & Taggart. Secondary market transactions increased by 12.4% year-on-year to 1,924 in May, while sales for the first five months of 2026 were up by 14.7%. Nato Bochorishvili, CEO of Georgian Property Management, attributes the growth primarily to stronger demand from foreign buyers for completed residential projects.
Speaking to BMGTV, Bochorishvili said Israeli investors remain among the most active buyers, driven in part by ongoing instability in the Middle East, while interest from the United Arab Emirates has also increased. She linked the growing demand to the entry of UAE developers Emaar and Eagle Hills into the Georgian market, noting that their international brokerage networks are also generating interest in other residential developments across the country. Foreign buyers, she said, mainly prefer completed projects developed by well-known brands.
According to Galt & Taggart, 18,296 apartments were sold in Tbilisi during the first five months of 2026, with the total value of transactions reaching $1.6 billion, up 21.9% year-on-year. While the number of apartment sales increased slightly in May, the average apartment size declined, reflecting stronger demand for smaller units.
Bochorishvili said the trend is largely investment-driven, as one-bedroom apartments remain the preferred choice for investors. She added that larger apartments typically have a lower average price per square meter, meaning the combination of rising prices and smaller average unit sizes accurately reflects current market conditions.
