Georgian real estate: prices and rental yields

Legal and tax framework

Foreign ownership

Foreign nationals may buy residential property in Georgia in their own name, without permits or quotas (agricultural land is the exception).

Registration

Title transfer at the public registry (NAPR) — the same day, within one business day, or as standard within four business days, depending on the fee tier; faster options cost more (source: NAPR, fees and terms, as of 21 Sep 2026).

Financing & instalment plans

Georgian banks extend mortgages to foreigners as well, usually with a higher equity share and shorter terms; interest-free instalments paid directly to the developer until handover are often the more attractive route.

Double taxation treaties

Georgia has double taxation treaties with more than 50 countries, including Germany; property income is generally taxed in Georgia, where the asset is located.

Tax on rental income

Residential letting for residential use by private individuals: 5 % on gross rental income without deducting costs (Tax Code of Georgia, Art. 81(2), as of 21 Sep 2026); review the current rules for your specific case.

Payment plans & financing

Developers commonly offer a 20–30 % down payment with the balance in interest-free monthly instalments until handover; follow-up financing through Georgian banks is available to foreigners as well.

Currency

Prices are negotiated in USD in practice and settled in GEL at the daily rate.

Methodology

Figures are ranges for new-build and near-new apartments, unfurnished, as of Q3 2026. Yields are gross rental yields before tax, management and vacancy, calculated on the purchase price. Basis: our own transaction and listing data from Tbilisi, Batumi and Kutaisi, cross-checked against the public sources listed. Not investment advice.

Sources

• National Agency of Public Registry (NAPR)
• National Statistics Office of Georgia (Geostat)
• Galt & Taggart Research
• TBC Capital Real Estate Market Watch
• Livo Property — on-site transactions & listings

Source registry

• National Agency of Public Registry (NAPR) — Transaktionsregister(As of 2026-07-31)Government registryPeriod: 2026-01-01 – 2026-07-31 (Transaktionen)
• National Statistics Office of Georgia (Geostat) — Construction & Housing(As of 2026-07-15)Government statisticsPeriod: 2026-Q1 – 2026-Q2 (Quartalsreihe)
• Galt & Taggart Research — Georgian Real Estate Market Watch(As of 2026-06-30)Bank research reportPeriod: 2026-H1 (Halbjahresreport)
• TBC Capital — Real Estate Market Watch(As of 2026-06-30)Bank research reportPeriod: 2026-Q2 (Quartalsreport)
• MyHome.ge — Angebotspreise Neubau (eigene Auswertung)(As of 2026-08-01)Broker / listing dataPeriod: 2026-07-01 – 2026-08-01 (Angebotsstichprobe)
• Livo Property — on-site transaction & listing data(As of 2026-08-15)Own transaction dataPeriod: 2025-08-15 – 2026-08-15 (rollierende 12 Monate)

Data changelog

Every version of the dataset is documented here — including which source figures changed.

1. Version 2026-Q3.1Date: 2026-09-21

   Legal clarification (no change to price or yield data): NAPR registration timelines, rental-tax conditions and residence-permit variants corrected.

   • frameworkNational Agency of Public Registry (NAPR)Registration timing clarified: same day, one business day, or four business days as standard (replacing the flat 1–2 day claim). Source: NAPR, as of 2026-09-21.
   • framework5 % rental tax clarified: applies to individuals letting residential property for residential use, without cost deduction (Tax Code of Georgia, Art. 81(2)); verify case by case.
   • frameworkResidence permit from USD 100,000 explicitly labelled a short-term residence permit; added reference to the separate Investment Residence Permit from USD 300,000 (SDA); no outcome guaranteed.
2. Version 2026-Q3Date: 2026-08-15

   Summer 2026 update: price ranges in Tbilisi and Batumi refreshed, every source tagged with a quality tier and coverage period.

   • tbilisiNational Agency of Public Registry (NAPR)NAPR transactions through 31 Jul 2026 incorporated; Vake raised to USD 1,800–2,600 per sqm.
   • batumi/new-boulevardTBC CapitalTBC Capital Q2 2026 report: gross yield on New Boulevard refined to 8–12 % p.a.
   • kutaisi/kutaisi-centerMyHome.geListing sample Jul/Aug 2026: Kutaisi centre updated to USD 550–950 per sqm.
   • methodologyEvery figure now carries its own source and as-of date (popover and JSON-LD).
3. Version 2026-Q2Date: 2026-05-20

   Spring 2026: Batumi yields reviewed after the pre-season, Kutaisi added to the dataset.

   • batumiGalt & Taggart ResearchGalt & Taggart H1 data: seasonal discount for Gonio/Kvariati corrected to 7–10 %.
   • kutaisiNational Statistics Office of Georgia (Geostat)Kutaisi added as a separate city, based on the Geostat construction price series.
4. Version 2026-Q1Date: 2026-02-10

   First release of the machine-readable dataset covering Tbilisi and Batumi.

   • tbilisi,batumiLivo PropertyBaseline dataset from our own transactions and listings over the past twelve months.