Everything You Need to Know About Buying an Apartment in Georgia

Buying an apartment is one of the most important decisions for many people. Apartment prices in Georgia are not low – especially if you buy an apartment in the city center, choose a good location, want a good project, a good view and, ultimately, quality renovation that will last for years. In this case, buying an apartment is no longer just buying a place to live – it is a real estate investment . A correctly and intelligently made decision at this time will not only benefit you in a specific period of time, but you will also understand the correctness of the decision years later.

In this blog, we will introduce you to where to buy apartments, what is the right investment decision, what will be useful for living, renting or selling, etc.

Buy an Apartment in Tbilisi

If your budget allows, buying an apartment in Tbilisi is a good decision. After all, you will be buying an apartment in the capital and will have access to all the useful points of the city.

Real estate prices in Tbilisi districts (2024):

Mtatsminda – 1 sq.m. price: 2,683 USD
Vake – 1 sq.m. price: 2,337 USD
Chugureti – 1 sq.m. price: 1,588 USD
Krtsanisi – 1 sq.m. price: 1,482 USD
Saburtalo – 1 sq.m. price: 1,450 USD
Didube – 1 sq.m. price: 1,222 USD
Isani – 1 sq.m. price: 1,203 USD
Nadzaladevi – 1 sq.m. price: 1,117 USD
Gldani – 1 sq.m. price: 1,024 USD
Samgori – 1 sq.m. price: 989 USD
Didi Digomi – 1 sq.m. price: 971 USD
Vashlijvari – 1 sq.m. Price: 955 USD

If you have the desire and the opportunity, you can not only buy an apartment, but also build a private house !

Apartments in Batumi

Although sales in the Batumi real estate market decreased in 2024 (due to the outflow of migrants and political instability), the Batumi real estate market is characterized by one of the highest yields.

Apartments in Batumi have different prices, just like in Tbilisi. The price of apartments depends on the neighborhood, coastal location, project, infrastructure, and developer. Given that this city was visited by a total of 4.6 million vacationers in 2024, buying real estate is becoming especially interesting. If you want real estate as an investment, then Batumi will definitely interest you.

In 2024, the price of newly built apartments is $1,141 per m2. In the case of old apartments, it is $1,014.

We would like to highlight the three most important places by area, where prices are the highest:

Seafront (First Line)

Prices can exceed $2,500 per m² (2023 data).

Old Batumi

A place where popular tourist attractions – “Alphabet Tower”, “Ali and Nino”, etc. are located, monuments of cultural significance, neighborhoods that tell a story – real estate prices here are high.

New Boulevard area

Modern infrastructure and proximity to the sea make this area prestigious. Real estate prices here are also high, especially in newly built complexes.

Contact us and our trusted real estate agents will help you find the apartment you want! +995 533 33 33 64

Apartments in Bakuriani

Bakuriani is a popular mountain resort in Georgia. People come to Bakuriani especially often during the winter because of its famous ski resort – the fact that it is close to Tbilisi contributes to this fact.

According to 2024 data, apartment sales in Bakuriani increased by 51%.

There can be two motivations for purchasing an apartment in Bakuriani.

1 – When a person wants to buy an apartment for themselves – to relax at a winter or summer resort, breathe fresh air, and spend time peacefully in beautiful nature

2 – for investment. Due to the fact that in recent years, infrastructure has been developing in Bakuriani – restaurants, entertainment venues, hotels are being built – all this is also increasing real estate prices. Buying an apartment has already become a profitable investment – you can buy it, and in a few years you can sell it at an increased price, or you can buy it and rent it out seasonally.

According to current data, apartment prices in Bakuriani are as follows:

1-bedroom apartment – average $30,000 – $40,000

2-room apartment – $40,000 – $65,000

3-room apartment – $48,000 – $70,000

Of course, prices depend on location, renovations , etc.

Apartments in Kutaisi

Kutaisi is the second largest city in Georgia – a historic, diverse, and beautiful city.

Just like everywhere else, apartment prices in Kutaisi depend on location, project, and infrastructure.

Apartment prices in Kutaisi are relatively low compared to other cities, so if living in the capital is not a priority for you and you are considering a beautiful, quiet city, then Kutaisi is definitely a good fit for you.

Kutaisi is located in the center of the country, which makes it an important transport hub. Kutaisi has an international airport, has tourism potential, and is ecologically clean and green.

Gudauri Apartments 

Like Bakuriani, Gudauri attracts vacationers and real estate investors. Gudauri is a famous ski resort in Georgia.

According to a study by Galt & Taggart , in 2023, small apartments (26-50 m2) were sold in Gudauri, and half of them were from the high price segment ($1200-1500 per m2).

These trends indicate a cautious but resilient environment for the Gudauri real estate market. Despite a decline in transaction volumes in the second half of the year, average prices are stable, and small, mid-priced apartments remain popular.

Summary

Georgia’s real estate market in 2024 saw fluctuations in sales and prices, but buying property remains a smart investment – whether for living or renting:

• Tbilisi is perfect for long-term investment and accessibility;
• Batumi is great for high rental income from tourists;
• Bakuriani & Gudauri are excellent for seasonal rental income;
• Kutaisi offers affordable housing in a well-located city.

Disclaimer: This blog is not intended to provide investment advice. Please consult with trusted brokers before purchasing real estate!