24/08/2026
Is Tbilisi Real Estate Still a Good Investment in 2026?
Yes, but not every apartment is a good investment.
That distinction matters more in 2026 than simply asking whether the Tbilisi property market is going up or down.
The market itself remains active.
In the first half of 2026, 22,799 residential transactions were registered in Tbilisi, representing approximately $2 billion in market value. In June alone, 4,503 apartments changed hands.
Average prices were around $1,417 per m² in the primary market and $1,345 per m² for newer secondary-market apartments, while rent for a typical 50–60 m² apartment averaged around $10.1 per m² per month.
Rental yields remain attractive by international standards.
But those citywide averages don’t tell you which apartment to buy.
And that is where we think many investors make the wrong decision.
A Tbilisi apartment can look attractive on paper and still underperform because of:
* the wrong micro-location;
* an inefficient layout;
* weak natural light;
* poor building management;
* excessive future supply nearby;
* the wrong apartment size for local rental demand;
* unrealistic rent assumptions;
* or simply buying at the wrong price.
Even two apartments in the same neighborhood, sometimes even in the same building can produce very different investment results.
The market also isn’t without risk.
A significant amount of residential construction has been permitted in recent years, meaning future supply matters. That can limit price appreciation in parts of the city where too many similar apartments are being delivered at the same time.
So when someone asks us:
“Is Tbilisi real estate still a good investment in 2026?”
Our answer is:
Tbilisi can still offer very good property investments. But buying “Tbilisi real estate” is not an investment strategy. Buying the right property at the right price is.
At RealPro, this is why we treat every buy-side inquiry as a project rather than a property search.
We look at the apartment, the building, the street, competing supply, realistic rental demand, ownership costs and long-term resale potential before deciding whether a property actually makes sense.
Because a growing market can make an average property look good for a while.
A strong property should make sense even after the market stops doing the work for you.