Georgia really is an ideal choice for a second home! The cost of living here is the lowest in Europe.
The real estate market in Georgia is growing annually. In Tbilisi as well as other regions of Georgia, new developments are increasingly taking place.
Real estate is very expensive in the capital.
Statistics show that the value of the real estate is higher in resort zones. The most expensive is in Gudauri and Bakuriani resorts. These places are popular at any time of the year.
As for prices, the average price per sqm is about 3000 GELs. According to the data, for Gudauri and Bakuriani properties, you will need around 180,000 GELs for a 60sqm property.
The second most expensive area in Batumi. At the seaside resort, the price per sqm is about 2,300 GELs. As for the price of a 60sqm property, the average amount is about 138,000 GELs.
Georgia’s famous and popular resort Borjomi is next, with the price of 1250 GELs per sqm. This means that the purchase of a 60sqm property in this well-known mineral water resort will cost you 75,000 GELs.
Property in Zugdidi is approximately 1,150 GELs per sqm. Zugdidi is the administrative center of Samegrelo-Zemo Svaneti and for a 60sqm property, the price would be about 69,000 GELs.
Next is the town of Kvemo Kartli that is located near Tbilisi. The average price per sqm is 1,000 GELs. Therefore, the purchase of a 60sqm apartment would be about 60,000 GELs.
Next is the administrative center Kutaisi in the region of Imereti. Here, the price of real estate is about 900 GELs per sqm. 60 sqm would, therefore, cost you about 54,000 GELs.
The 8th region is Kakheti, the administrative Centre of Telavi where the price per sqm is about 800 GELs. A 60sqm property would cost about 48,000 GELs.