Real estate prices in Georgia are unlikely to stabilize or decline, according to Mamuka Imedashvili, Deputy Director of the development company Metropol. In an interview with BM.GE, Imedashvili said he expects a slight continued increase in property prices, rather than a plateau or downward trend.
Imedashvili noted that after a relatively stable final quarter, the real estate market is expected to become even more stable in 2026. Despite frequent discussions about market saturation, demand for property remains strong, including from foreign buyers. “The expectation is that 2026 will end with even higher growth,” he noted.
According to Metropol, foreign interest is particularly strong from Israel, as well as from Asian countries and CIS markets. European demand is comparatively lower, though some activity has picked up in the last quarter. Against this backdrop, the company plans to strengthen its international presence and participate in at least three international exhibitions in 2026, which Imedashvili says will help increase brand recognition.
The company also plans to launch several new projects early next year, including large-scale, modern developments in central districts of Tbilisi, along with new product offerings and pricing options for customers.
Reflecting on 2025, Imedashvili noted that while the year was not easy for the sector, Metropol is closing it successfully. “Compared to last year, the company recorded around 20–25% growth. The final quarter was particularly stable, which reflects the overall gradual stabilization of the market,” he added.
