Despite strong development in recent years, Tbilisi’s real estate stock is outdated and still dominated by old buildings. Less than 25% of existing residential, retail and office real estate is built according to modern standards, demonstrating the sector’s strong growth potential.

Residential – Promising fundamentals
Office – Price-to-quality set to rise
Retail – Fuelled by consumer behavior
Hotels – Need to attract high-spending tourists
Development land – Prices are rising

Tbilisi Real Estate Market Outlook – In Need of Modernization
Tbilisi Real Estate Market Outlook – In Need of Modernization GEO 
Tbilisi Real Estate Market Outlook Presentation GEO