Foreign buyers continue to play a key role in the growth of the Georgian real estate market, especially in Batumi. In April 2026, the share of foreign buyers in the total volume of apartment sales in Batumi reached 47%. In the first quarter of 2026, this figure was even higher - 63% of all transactions. This makes Batumi unique compared to Tbilisi, where the market remains predominantly local: according to Colliers Georgia, in May 2026, the share of foreign citizens in the capital was only 11.4%.
Among the most active foreign buyers in Batumi are citizens of Israel, EU countries, as well as Ukraine, Russia and Belarus. According to Galt & Taggart, in the first quarter of 2026, European buyers accounted for 18% of all sales, Israeli citizens accounted for 10%, and buyers from Ukraine, Russia, and Belarus accounted for 16% of transactions. According to the Georgian Real Estate Association (GREA), foreign investors began buying housing in pools of 30-50 apartments at the pre-sale stage, hoping for a yield of about 25-30%.
General market dynamics
Real estate sales continue to grow, overcoming a two-year period of stagnation.
In Tbilisi, according to Colliers Georgia, 4,484 apartments were sold in June 2026 - 34.7% more than a year ago. The market volume reached $387 million, an increase of 53.9% over the year. The average price increased by 13.5% to $1,314 per square meter.
In Batumi, according to the Colliers Georgia report, 1,468 apartments were sold in June (+8% compared to last year). The average price of new buildings increased by 22% to 1,455 dollars per square meter. At the same time, the market became less dependent on the old housing stock: sales of new buildings increased by 11.6%, while transactions in the secondary market decreased by 26.4%. In June, the share of foreign buyers in Batumi remained at 47%.
Georgia's attractiveness to foreigners is still linked to the simple terms of the deal: the absence of a purchase tax, a flat tax rate on rental income of 5%, as well as the possibility of remote purchase. Developers actively offer real estate management services for non-resident investors. According to GREA, interest in real estate remains high due to the limited choice of other investment instruments in Georgia, so both local and foreign investors continue to consider housing as a way to save capital and generate income.
Sources: Forbes Georgia, Batumelebi
