The land market in Georgia is experiencing stable growth, with annual transactions increasing by around 5-6%. According to Irma Elbakidze, founder of the brokerage company Binarea, the first quarter saw a significant 17% rise in transactions in the Kakheti region, and growth in the coastal areas reached 12%. She notes that interest from Middle Eastern countries, particularly following recent conflicts, has notably increased, driving up both demand and prices.
Elbakidze explains that the land sales season is proceeding steadily, with growth seen in various regions, particularly in Kakheti and along the Black Sea coast. She reports that overall transactions have grown by 15-20%, with a marked rise in interest from Arab countries, including Israel, and former Soviet states. “There is significant interest from the region, especially from Dubai, where active investments were previously made,” she adds.
As demand rises and available land becomes scarce, prices are also climbing. Elbakidze points out cases where landowners have paused sales, anticipating further price increases. She gives an example of a plot in a suburb of Tbilisi, which sold for $12 two years ago but is now being listed for $120, highlighting the impact of growing demand.
Overall, the business anticipates continued stable growth in the real estate market for land in 2026, driven by increased demand from international investors.
