Georgia’s real estate market in 2026 continues its growth trend, despite ongoing geopolitical challenges in the region. For people interested in buying property, the main question remains relevant: is it worth buying a home now, or will prices decrease?
In this article, we will take a detailed look at prices in Tbilisi and other regions, compare Georgia’s data with neighboring countries, analyze the impact of the Iran conflict, and provide an expert forecast for 2026–2027.
2025 was a record year for Georgia’s real estate sector: more than 59,000 apartments were sold, and the total market value exceeded 4.3 billion USD.
The year 2026 started with continued growth. According to leading analytical groups, including retrospective data from TBC Capital, the beginning of the year shows the following activity:
Sales: a 9% increase recorded in January
Market volume: reached 254 million USD
Analytical note: the market remains stable and demand is still high, indicating that investor confidence in the sector has not decreased despite global uncertainty.
Prices in the capital vary significantly depending on district and project type (old vs new buildings).
Average price per 1 m² in Tbilisi:
$1,200 – $1,500
In new premium-class projects in central districts, prices can reach:
up to $5,000 per m²
In a regional context, Georgia maintains its position as one of the most attractive and affordable markets.
| Country | Capital | Average price per 1 m² (USD) |
|---|---|---|
| Georgia | Tbilisi | $1,200 – $1,500 |
| Armenia | Yerevan | $1,300 – $2,000 |
| Azerbaijan | Baku | $1,400 – $2,200 |
| Turkey | Istanbul | $1,500 – $3,000+ |
In central districts of Istanbul, prices significantly exceed $3,000.
Apartment prices in Georgia in 2026, in the context of the Iran war, have become a key topic of discussion. However, according to experts, the direct negative impact is limited.
Financial inflows from Iran into Georgia’s economy are relatively low — around 1% of total inflows.
The Iran conflict has a global economic impact that also affects Georgia:
The Iran conflict and regional instability are pushing wealthy individuals from Middle Eastern countries (Jordan, Iraq, Gulf countries) to look for alternative, stable places to invest and live.
Due to its liberal visa policy, European aspirations, and geographic proximity, Georgia becomes an ideal “Plan B” destination.
This means that increased regional risk directly increases demand for premium real estate in Tbilisi and Batumi.
When risks rise in the region, Georgia plays the role of a “safe haven,” which supports price stability and growth.
War-related cost increases in construction create upward pressure on prices, meaning new apartments become more expensive, which also raises the price of older apartments. Increased demand also contributes to rising prices in Georgia.
According to market analysts, a sharp price decline is unlikely.
The market remains stable despite global uncertainty.
✔ It is worth buying if:
The final property price is significantly higher than just the purchase price. You must include:
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