Demand for real estate in Georgia remains high, driven by strong domestic factors and growing foreign interest, according to TBC Capital. Senior Vice President Irina Kvakhadze said relatively low property prices and high rental yields make Georgia attractive to international investors.
Real estate transactions rose by 24% in the first seven months of 2026. Demand for secondary-market apartments increased by nearly 30% year-on-year, while registered transactions for new apartments grew by around 4%. TBC Capital noted that actual primary-market activity is likely higher, as many developer installment deals are not registered until construction is completed.
The market is also becoming segmented, with premium properties increasingly concentrated in the primary market, while economy, economy-plus and comfort properties are more active in the secondary market. Meanwhile, property prices are rising by around 5% annually, with demand and the stronger Georgian lari contributing to the trend.
TBC Capital’s base-case scenario foresees continued stable growth, with combined annual sales expected to rise by 7-8% in the primary and secondary markets. Property prices are also expected to increase by around 5%, with no major or sudden market shifts anticipated.
