Tbilisi Rental Prices Fall, But Property Prices Soar: A Market Paradox

Tbilisi Real Estate Market Sees Contrasting Trends: Rental Prices Fall, Purchase Prices Rise Tbilisi, Georgia – The Tbilisi real estate market is experiencing a curious dichotomy, with rental prices falling while purchase prices simultaneously climb. According to recent data from Apriori, a Georgian news source, rental costs have decreased by 4% since late 2024. In April 2025, the average rental price stood at $9.50 per square meter, down from $9.90 at the end of the previous year. However, this decrease in rental costs is not mirrored in the purchase market. Property prices have increased by 4.2%, reaching $1332 per square meter. "The market is showing a fascinating contrast," explains Apriori in a recent video report. "While renting has become more affordable, buying property in Tbilisi is now significantly more expensive." This trend highlights the complexities of the Georgian real estate market and its response to current economic factors. The reasons behind this divergence in rental and purchase prices require further investigation, but the data clearly shows a significant shift in the market dynamics. The affordability of renting might attract more tenants, while the increase in purchase prices could signal a different kind of investment opportunity.