Tbilisi’s residential real estate market continues to show strong growth. According to Colliers Georgia, 3,787 residential property transactions were registered in the capital in May 2026. This is 13.1% higher than in the same period last year.

💰 The market expanded even more significantly in monetary terms. The total value of residential transactions in Tbilisi increased by 32.4% year-on-year and reached $334 million. This means that the market is growing not only because of a higher number of sales, but also because of rising average property values.

📊 The gap between transaction growth and market value growth is important for understanding the market. If the number of transactions increased by 13.1%, while total market value rose by 32.4%, it suggests that buyers are increasingly moving into higher-priced segments or purchasing properties at a higher price per square meter.

Key figures for Tbilisi in May 2026:

— 3,787 residential property transactions
— +13.1% year-on-year growth in transaction numbers
— $334 million total market volume
— +32.4% year-on-year growth in market value

🏗 Price growth is particularly visible in the new-build segment. According to Colliers, prices for new apartments in Tbilisi increased differently depending on location. In suburban districts, prices rose by 7.2%. In the wider city centre, growth reached 10.6%, while central districts recorded a much stronger increase of 29.6%.

📍 This shows that central Tbilisi remains the most competitive and supply-constrained part of the market. New development opportunities are limited there, rental demand is stronger, and buyer interest is higher among those who view property not only as a place to live, but also as an investment asset.

🏠 At the same time, demand in Tbilisi is mainly driven by local buyers. According to Colliers, 88% of transactions in the capital are made by Georgian buyers. This is an important difference from resort markets, where foreign investors usually play a much larger role.

🌊 By comparison, Batumi recorded 1,324 residential property transactions in May 2026, up 2.5% year-on-year. However, the total market value increased much faster, rising by 22.2% to $87 million. In Batumi, foreign buyers have a much stronger presence: they account for 49% of transactions, while their contribution to market growth reached 59%.

The two markets can be compared as follows:

— Tbilisi: supported mainly by local demand, residential use, and long-term rentals
— Batumi: more dependent on foreign buyers and investment demand
— Both cities are seeing growth in the secondary market, with an increase of about 20%

📈 For investors, this means that Georgia’s property market is developing through two different models at the same time. Tbilisi remains a market with a strong domestic demand base. Property there is often purchased for living, long-term rental income, and capital preservation. Batumi, by contrast, continues to function more as an investment and resort market, where a significant share of demand comes from foreign buyers.

🔎 You can explore available property options in Georgia based on your budget and goals on our website.