Tbilisi Residential Real Estate Market: Prices, Rentals, and Investment Yields

The weighted average rental rate in the capital by district is as follows: Vake leads Tbilisi in rental rates, where in September 2026 the weighted average price was 16.1 dollars per square metre. Mtatsminda ranks second at 14.4 dollars, and Saburtalo takes the third position at 13.2 dollars. They are followed by Krtsanisi at 12.9 dollars and Isani at 11.8 dollars.

Relatively lower rental rates were recorded in Didube (10.6 dollars), Chugureti and Vashlijvari (10.4 dollars), Nadzaladevi (10.1 dollars), Didi Dighomi (9.6 dollars), Samgori (9.4 dollars), and Gldani (9.3 dollars).

Compared to the same period last year, rental price dynamics vary across districts.

Rental Yield in Tbilisi Compared to Other Cities

In international comparisons, residential real estate rental yield in Tbilisi stands at 9.4% in September 2026.

Among the examined cities, Tbilisi ranks second after Ankara, where the rental yield is 10%.

Tbilisi is followed by: Tashkent — 9.0%; Yerevan — 7.9%; Astana — 7.9%; Baku — 5.1%; Chisinau — 5.0%; Bucharest — 4.2%; Sofia — 4.0%; Riga — 4.0%; Vilnius — 3.9%; Tallinn — 3.8%.

This indicator demonstrates that residential real estate in Tbilisi holds a competitive position relative to regional and comparable European markets in terms of rental yield.

As of September 2026, three key trends stand out in the Tbilisi real estate market:

The highest sales and rental prices are recorded in Vake and Mtatsminda. Relatively more affordable real estate is represented in Didi Dighomi, Samgori, Gldani, and Vashlijvari.

In terms of rental yield, Tbilisi occupies high international rankings. With a figure of 9.4%, the capital of Georgia ranks second among the cities listed above. Consequently, Tbilisi maintains a strong competitive position in the residential real estate investment market, particularly regarding rental yields.

The Tbilisi real estate market analysis is prepared based on Galt & Taggart research.