Georgia’s Real Estate Market: Rising Deals and Prices in September 2025

Photo: Tatyana Borodina

The Georgian housing market gained strong momentum this autumn: both Tbilisi and Batumi recorded increases in transactions, overall market volume, and price per square meter. The Black Sea coast once again leads in growth rates, with new developments appreciating 1.5 times faster than those in the capital, according to Colliers Georgia.

Tbilisi: Steady Market Growth

Tbilisi’s residential market showed stable expansion in September 2025, with 4,054 apartment transactions, up 14.9% year-on-year. Total market volume reached $310 million, marking a 25.1% increase.



New developments remain the main driver of activity: transactions in newly built complexes rose 17.1%, while direct purchases from developers grew 16.6%, and resales of such properties increased 17.8%. Deals in older housing stock rose 8.3%.

Price growth was uneven across the city:

Suburban areas: +13.5%

Extended center: +24%

Historic districts: +5.6%
In central neighborhoods, delayed registrations caused a temporary 31% jump.

For older housing, growth was steadier:

Suburbs: +10.6%

Wider center: +5.2%

City center: +10.3%



By Q3 2025, 10,655 deals were recorded in Tbilisi (+4.8%), with total market volume up 17.1% to $827 million.

Batumi: Record-Breaking Performance

The Black Sea city of Batumi continues to set records. In September 2025, 1,895 deals were completed — up 35.9% year-on-year. Market volume rose even faster, by 68.3%, reaching $116 million.



New projects are the main growth driver. Transactions in this segment climbed 37.1%:

Primary market: +58.2%

Secondary market: +13.8%

Older buildings also showed gains (+18.2%).

The average price of new apartments increased 28.2% to $1,327 per sq m. Primary properties surged 55.1%, while secondary units rose 8.7%. The sharp rise was largely due to around 140 transactions in one major project, temporarily inflating averages. Without that factor, growth would still be 17.6%.



By the end of Q3 2025, Batumi recorded 4,876 transactions, up 29.2% year-on-year, with total market volume rising 57% to $300 million.

Hotel Sector: Investments Without Pause

While residential property remains a key investment target, the hotel sector continues to offer the most stable returns — with fewer risks, high occupancy, and predictable income. This trend is most visible in Batumi, which has now solidified its position as a year-round resort.

In September, average hotel occupancy reached 80%, exceeding expectations. Many hotels operated at full capacity during peak season, and strong demand continues into autumn. Winter bookings — including New Year’s holidays — are already filling up, supported by a packed events calendar featuring festivals, forums, and sports events.

According to industry data, tourism revenues in the first nine months of 2025 exceeded $3.6 billion, confirming both domestic demand strength and the growing appeal of Georgia for international travelers. Visitor geography is widening — now including Asia, the Middle East, Eastern Europe, and the UK.

Experts note that this extended season has been enabled by better infrastructure, more direct flights, and upgraded service standards, allowing hotels to operate profitably year-round. The premium segment shows the fastest growth: average occupancy in upscale hotels rose to 54%, and ADR (average daily rate) reached $126 in H1 2025.

In Tbilisi, investor focus remains on Vake, Vera, Mtatsminda, and riverside zones; in Batumi — on seafront properties and Gonio, home to major international projects. One of them, Gonio Marina, along with Tbilisi Waterfront, forms part of the UAE’s $6.6 billion investment portfolio.



Global consultancies like Savills highlight a growing investor appetite for “safe harbors” — resilient, fast-growing markets combining potential and low risk. By these measures, Georgia’s premium real estate segment fits perfectly: limited land supply, few branded hotels, and rising tourist flows continue to attract long-term international capital.