Georgian real estate brokerage Rentals has expanded into Germany, offering Georgian buyers assistance with purchasing property in Berlin and surrounding areas. The company also plans to enter other European markets, including Italy, Spain, and France, and is considering expansion into the UAE.
Founder Zurab Eristavi told BMGTV that demand from Georgian investors is driven by the desire to diversify capital and invest in more stable markets rather than achieve high rental yields. While residential property in Georgia can generate annual returns of 8–10%, yields in Germany are typically around 2–3%, making long-term stability the key attraction.
According to Eristavi, Georgia's property prices have risen sharply, with apartments now selling for up to $2 million and some listings exceeding $4 million. He noted that a $1 million budget—enough to buy a 200-square-meter apartment near Vake Park in Tbilisi—could also purchase a home in Berlin, though not in the German capital's prime neighborhoods, where prices can reach $20,000–25,000 per square meter.
