The Georgian Real Estate Agency (GREA) forecasts that property prices in Georgia will increase by around 5% in 2026. As the agency’s founder Nino Absandze told BMG, prices are being pushed upward by both higher construction costs and growing demand.
Absandze explains that each development project has predefined pricing stages: once a certain portion of units is sold, the project moves to the next price tier. This is why early-stage purchases remain the most attractive for investors, who often buy units with the intention of resale or rental.
According to her, the sharp rise in land prices is also contributing significantly to expected price increases. At the same time, interest from foreign buyers - particularly from the Middle East due to regional conflicts - has grown, but this factor alone is not expected to drastically affect the market.
Absandze noted that the Middle East conflict might add 1–1.5% to overall price growth, bringing the total potential increase to 5–5.5%. However, she emphasized that Georgia still competes with many global property markets, such as Singapore and Dubai, meaning price surges are likely to remain moderate.
