Are you looking at buying Tbilisi real estate? Maybe those winding paths in Old Town have enthralled you. Or perhaps you have heard that real estate here is still a steal compared to Western Europe. Either way, you are exactly on the money.

Tbilisi has a vibrant market. Now is the perfect time to buy, whether your quest is for a house, a rental property, or just a piece of this vibrant city since prices are rising and areas are changing.

But where should you purchase? That’s the central question. The answer depends on your needs. Let's break it down neighborhood by neighborhood using real data, perceptive analysis, and a bit of local insight.

#Table of Contents

1. Why Tbilisi? The Enchanting Character of This City
   • Why should you put money into Tbilisi? Key Points
2. The Best Neighborhoods to Buy Property in Tbilisi
   • Vake – Where the Money Is
   • Vera – The Hip, Walkable Choice
   • Sololaki – Old Tbilisi Charm
   • Saburtalo – Modern and Affordable
   • Mtatsminda – Luxury with a View
   • Chugureti – The Up-and-Coming Arts District
   • Didube – Affordable and Transit-Friendly
   • Dighomi – Suburban Comfort with Growth Potential
   • Ortachala – Riverside and Quiet
   • Avlabari – The Lesser-Known Historic Gem
   • Nutsubidze – Saburtalo’s Cheaper Alternative
   • Tbilisi Neighborhood Comparison
3. The Takeaway: Where Should You Buy?

#Why Tbilisi? The Enchanting Character of This City

When you visit Tbilisi, the city grabs you and won't let go. It's interesting because it has history, charm, and just the right amount of chaos. There are modern coffee shops next to buildings that are hundreds of years old, traditional polyphonic singing can be heard in the streets, and you can go from an underground electronic music party to enjoying an old church in an instant. new life meets old-world charm, and things are only getting more exciting.

#Why should you put money into Tbilisi? Key Points

The real estate market in Tbilisi is doing very well for a reason. This city is one of the best places to buy real estate in 2025, whether you want a house, an investment property to rent out, or a property that will go up in value over time.

#1. Home prices are still affordable, but they are going up.

Compared to big European cities, Tbilisi real estate is shockingly cheap. But costs are going up.

• $1,500 to $2,000 per square meter in the city center (Vake, Mtatsminda, Vera);
• $1,200 to $1,600 per square meter in the developing districts (Saburtalo, Dighomi);
• and $1,100 to $1,200 per square meter (sometimes less) in the suburbs.

These cities have prices that are different from Berlin ($7,000+ per sqm), Lisbon ($6,000 per sqm), and Prague ($5,500 per sqm) in prime areas.

It's one of the last places in Europe where you can still find high-end homes for less than $2,000 per square meter. But this window is closing quickly as infrastructure gets better and more money comes in from other countries.

#2. The rental market is booming

Tourists, expats, and digital nomads all love Tbilisi, which has made rental demand much higher. The rental market, which used to be pretty niche, has now turned into a great place to invest thanks to a lot of international tourists and workers looking for a cheap but lively city to live in.

Tourism Driving Short-Term Rentals

Tourism in Georgia has grown rapidly in recent years, positioning Tbilisi as a major regional hotspot.

• 5 million tourists visited Georgia in 2024, marking a 15% increase from the previous year.
• Over 70 percent of visitors stay in Tbilisi, making it the primary hub for accommodations.
• Usually staying three to seven days, the average visitor to Tbilisi prefers short-term rentals over hotels. Peak season occupancy rates go above 75 percent; some places, including Vera and Sololaki, have rates between 85 and 90 percent.
• Daily rates for rentals vary from forty to 120 dollars according on location and facilities.

For those in the property business, this expansion offers a great chance. Particularly in downtown areas with historical appeal, easy access to nightlife, and proximity to cultural sites, the demand for Airbnb-style lodging keeps exploding.

The Rise of Digital Nomads and Long-Term Expats

• Tbilisi is thought to house about 15,000 remote workers at any one moment.
• Georgia's "Remotely from Georgia" visa program has increased long-term stays even further by letting digital nomads work lawfully in the nation free from complicated residency restrictions.
• Tbilisi is a favorite choice for professionals producing foreign income since the cost of living still is much lower than in Western Europe.
• A vibrant remote work culture has resulted from modern cafes with dependable internet, expat communities, and co-working spaces.

This tendency has shown up as increasing demand for long-term rentals. Although short-term rental rates can be greater, steady monthly income from long-term leases is a safer, low-maintenance substitute.

Investment Insights: Where to Buy

Not all neighborhoods benefit equally from this rental boom. Investors looking to maximize returns should focus on areas with high tourism appeal, modern infrastructure, and strong community demand.

• Best for short-term rentals: Vera, Sololaki, and Mtatsminda. These districts attract tourists with their walkability, historical architecture, and vibrant nightlife.
• Best for long-term rentals: Vake and Saburtalo. These areas are preferred by expatriates, young professionals, and middle-class locals seeking modern apartments and proximity to business hubs.

Rental Yield Comparisons

Tbilisi offers some of the highest rental yields in Europe, making it an attractive destination for real estate investors.

Tbilisi’s rental market remains relatively unregulated compared to major European cities, meaning investors can still capitalize on short-term rental demand without excessive legal restrictions.

#3. Tbilisi’s Economic Growth

A strong economy is necessary for a strong real estate market, and Tbilisi's economy is growing at a very fast rate. When you add up the effects of rising GDP, more foreign investment, and big building projects, you get a picture of how property values will continue to rise.

Georgia’s GDP Growth: Outpacing Europe

Georgia’s economy has been growing at a remarkable pace, outperforming many European nations.

• Georgia’s GDP grew by 7% in 2024, significantly higher than the EU’s average growth rate of 1.3%.
• Over the past five years, Georgia’s economy has expanded at an average annual rate of 5-6%, demonstrating resilience and steady upward momentum.
• Key drivers of GDP growth include tourism, real estate, logistics, and technology.

Why does this matter for real estate? Economic growth leads to higher wages, increased consumer spending, and greater demand for housing—all of which push property values higher.

Foreign Direct Investment (FDI): A $2 Billion Boost

A lot of money is being put into Georgia by investors from other countries, mostly in real estate and tourism.

• More than 40% of the $2 billion in FDI that came in was used for real estate and building projects.
• Major international hotel chains like Hilton, Marriott, and Radisson are growing in Tbilisi, which is making land and property values go up even more.
• There is also more investment in "technology and business services," which brings in skilled workers who need places to live.

This means that investors have more faith in Tbilisi's long-term promise. The value of homes gets better and more stable as more foreign money comes into the market.

Infrastructure Boom: Transforming the City

Real estate value of a city is significantly influenced by its infrastructure. Under one of its biggest modernizing initiatives in decades Tbilisi is enhancing connectivity, transportation, and general livability.

Several new metro lines are expected, therefore previously less-accessible areas would appeal more for real estate investment. Improvements to key roads and highways are relieving traffic congestion and boosting suburban property appeal. A $500 million investment is planned to boost capacity and upgrade infrastructure, therefore placing Tbilisi as a significant regional center.

Better infrastructure suggests greater property demand, higher rental yields, and long-term value appreciation. Once thought to be too far from the city core, neighborhoods could soon attract a lot of activity.

Property Value Trends: What Investors Should Know

With a booming economy, rising foreign investment, and a rapidly modernizing city, Tbilisi’s real estate market is poised for sustained growth.

Tbilisi is not just a short-term investment opportunity—it’s a city on the rise. With one of the fastest-growing economies in the region, major foreign investment, and large-scale infrastructure projects.

#The Best Neighborhoods to Buy Property in Tbilisi

Now, let's break it down. These are the top areas to buy real estate in Tbilisi, based on price trends, livability, rental demand, and future growth potential.

#Vake – Where the Money Is

Vake is Tbilisi’s most prestigious and sought-after neighborhood, known for its upscale lifestyle, high-end real estate, and top-tier amenities. This is where embassies, international schools, and luxury boutiques line the streets, making it a prime choice for professionals, affluent families, and long-term investors.

#Real Estate Market in Vake

Vake consistently ranks as the most expensive neighborhood in Tbilisi, but for good reason.

• Price per square meter: $1,800–$2,500, with some luxury properties exceeding $3,000.
• Annual property value growth: 10%, making it one of the fastest-appreciating districts in the city.
• Rental demand: Extremely high, especially for long-term leases catering to expatriates, diplomats, and high-income professionals.
• Typical rental yields: 5–7% annually, driven by strong demand and premium rental rates.

The combination of limited new development space, steady demand, and strong appreciation makes Vake a highly stable investment area.

#Who Lives in Vake?

Vake attracts a specific demographic—those who value exclusivity, high-quality living, and close proximity to the best amenities Tbilisi has to offer.

• High-income professionals working in finance, law, and international business.
• Diplomats and foreign executives due to its proximity to embassies and multinational companies.
• Affluent families seeking high-end schools, parks, and a quiet residential atmosphere.

Unlike the bustling energy of Tbilisi’s Old Town, Vake offers a more refined and structured environment with a European feel.

#Lifestyle and Amenities

Vake is well-known for its pedestrian-friendly streets, broad tree-lined lanes, and strong wellness and recreation emphasis.

• The biggest park in Tbilisi, Vake Park is a main draw for families, joggers, and outdoor enthusiasts.
• Located here are some of the best organic markets, fine dining restaurants, and coffee shops.
• Education: Home to European School and the British International School among numerous prominent foreign universities.
• High-end boutiques, fine food stores, and elegant retail centers serve a rich clientele in retail and shopping.

Vake presents a degree of convenience unparalleled by most other areas with its contemporary infrastructure, first-rate public services, and beautifully kept surroundings.

#Investment Potential

Vake remains one of the safest bets for property investment in Tbilisi due to its high-value properties, stable rental demand, and long-term price growth.

Though pricey, Vake offers in every sense luxury, security, infrastructure, and long-term property value. Investors who want steady income from dependable, high-end real estate will find the neighborhood perfect.

Vake is still the first choice for anyone seeking a sophisticated, Western-style living environment in Tbilisi. Whether purchased for personal use or as an investment, this area constantly shows worth.

#Vera – The Hip, Walkable Choice

Often likened to Brooklyn for its mix of historic beauty, creative vitality, and trendy hotspots, Vera is one of Tbilisi's most active and culturally diverse neighborhoods. Among artists, young professionals, and foreign purchasers seeking a vibrant, walkable space with lots of character, it is a popular.

#Real Estate Market in Vera

Vera has become one of the most desirable neighborhoods for both residential buyers and investors due to its prime location, steady price growth, and strong rental demand.

• Price per square meter: $1,600–$2,200, with restored historic apartments commanding even higher prices.
• Annual property value growth: 8%, fueled by increasing demand from locals and foreigners.
• Rental demand: Extremely high, with both short-term Airbnb and long-term rental markets thriving.
• Typical rental yields: 6–10% annually, making it one of the best areas for real estate investment in Tbilisi.

As Tbilisi continues to attract more expatriates and tourists, Vera remains a high-return market with excellent appreciation potential.

#Who Lives in Vera?

Vera draws a varied mix of people attracted by its vibrant social scene, central location, and artistic environment.

• Young designers, tech-savvy freelancers in media, and tech.
• Artists and musicians that value the artistic culture and historic appeal of the neighborhood.
• Remote workers and digital nomads using Tbilisi's rising global profile.
• Short-term rental companies and Airbnb investors serving visitors and business travelers.

Vera's mix of demographics has kept a vibrant rental market since tenants ready to pay more for a chic, walkable neighborhood.

#Lifestyle and Amenities

Vera is renowned for its vitality, artistic sensibility, and active café scene. It presents a special fusion of modern enterprises, historic architecture, and a fast-paced urban living.

• Among the city's top specialized coffee shops, wine bars, and foreign restaurants are some of Cafés and dining
• Popular among travelers and digital nomads, boutique hotels and co-living quarters
• The nightlife center is made by live music venues, theaters, and speakeasies.
• Smaller yet well-kept parks provide a quiet haven inside the city. Parks and green areas

Combining ancient and modern, Vera keeps changing as a center for urban living and artistic expression.

#Investment Potential

Vera is one of the most profitable neighborhoods for real estate investment, particularly for short-term rentals.

Vera is an excellent choice for those looking to invest in a trendy, high-demand area with strong rental income potential. The combination of historic charm, a lively atmosphere, and increasing international interest makes it one of Tbilisi’s top-performing neighborhoods.

For investors considering Airbnb or long-term rentals, Vera presents an exciting opportunity with impressive returns. It is a neighborhood that offers both lifestyle appeal and solid financial gains, making it one of the best places to buy real estate in Tbilisi.

#Sololaki – Old Tbilisi Charm

Sololaki is the heart of historic Tbilisi, where 19th-century elegance meets modern revival. Known for its stunning architecture, hidden courtyards, and tree-lined streets, Sololaki is a neighborhood filled with vintage charm and increasing investment potential.

#Real Estate Market in Sololaki

Sololaki has become a hotspot for investors and homebuyers who appreciate its character, central location, and ongoing restoration projects.

• Price per square meter: $1,400–$2,000, with well-renovated heritage properties fetching higher values.
• Annual property value growth: 9%, driven by increasing demand for boutique rentals and historic home restorations.
• Rental demand: High, particularly for short-term rentals targeting tourists and expatriates.
• Typical rental yields: 5–8% annually, making it a strong market for Airbnb and boutique hotels.

With its central location near Freedom Square and Rustaveli Avenue, Sololaki is ideal for buyers looking to tap into the tourism-driven rental market.

#Who Lives in Sololaki?

Sololaki draws those who appreciate its architectural elegance and cultural value.

• Drawn to its old-world atmosphere, artists, writers, and creatives
• Entrepreneurs making investments in chic rental homes and boutique hotels.
• Retirees and foreigners seeking a European-style community with a slower pace.
• Visitors looking for a real Tbilisi experience in a gorgeously renovated environment.

Those who value lofty ceilings, ornate facades, and elegant balconies defining Tbilisi's old districts will find especially appealing the neighborhood.

#Lifestyle and Amenities

Sololaki offers a mix of elegance and hidden gems, making it a favorite for those who enjoy walkable streets filled with character.

• Architectural beauty: Restored 19th-century mansions, ornate wooden balconies, and cobbled streets.
• Cafés and restaurants: A blend of classic Georgian eateries and trendy, modern bistros.
• Tourist appeal: Close proximity to Narikala Fortress, sulfur baths, and major cultural landmarks.
• Community vibe: A mix of long-time Georgian residents and a growing expat population.

While the area retains its historic charm, it is undergoing rapid revitalization, with more buildings being restored into modern apartments and boutique lodgings.

#Investment Potential

Sololaki remains one of the best districts for real estate investment, particularly for short-term rentals and restoration projects.

Sololaki is the perfect choice for those who appreciate history, architecture, and a unique urban experience. Its ongoing revival makes it an excellent neighborhood for both real estate investors and homebuyers looking for something special.

For those interested in short-term rentals or boutique accommodations, Sololaki offers a mix of heritage appeal and strong returns. As Tbilisi’s tourism and expat community grow, this neighborhood will only become more valuable, making it one of the top areas to invest in before prices climb even higher.

#Saburtalo – Modern and Affordable

Saburtalo is Tbilisi’s go-to neighborhood for those seeking modern living, convenience, and affordability. With well-developed infrastructure, metro connectivity, and a steady influx of new residential complexes, it offers some of the best value in the city.

#Real Estate Market in Saburtalo

Saburtalo is one of Tbilisi’s fastest-growing districts, with a balance of affordability and long-term investment stability.

• Price per square meter: $1,200–$1,600, making it more accessible than central historic neighborhoods.
• Annual property value growth: 7%, driven by continuous development and increasing demand.
• Rental demand: Steady, particularly for long-term tenants including students, young professionals, and middle-class families.
• Typical rental yields: 5–6% annually, providing stable income for buy-to-let investors.

The neighborhood benefits from a high density of universities, office buildings, and commercial centers, ensuring a consistent demand for rentals.

#Who Lives in Saburtalo?

Saburtalo attracts a diverse mix of residents who prioritize modern amenities and affordability.

• Young professionals looking for convenient access to workplaces in the city.
• Students attending major universities, such as Tbilisi State University and the Technical University.
• Middle-class families seeking spacious apartments at reasonable prices.
• Investors looking for low-maintenance, high-occupancy rental properties.

With its well-planned streets and large-scale apartment complexes, Saburtalo offers a more structured and functional urban environment than older districts.

#Lifestyle and Amenities

Saburtalo is known for its practicality, featuring a range of essential services and entertainment options.

• Public transportation: Multiple metro stations (Delisi, Technical University, Medical University) and extensive bus routes.
• Shopping and commercial areas: Malls, supermarkets, and local markets provide convenient access to daily necessities.
• Education hubs: Home to some of Georgia’s top universities, ensuring a steady student population.
• Green spaces: Parks like Mziuri and Lisi Lake offer recreational spots for families and outdoor enthusiasts.

While it may lack the historical charm of Old Tbilisi, Saburtalo compensates with reliable infrastructure, modern conveniences, and a well-connected transport network.

#Investment Potential

Saburtalo presents one of the safest investment opportunities in Tbilisi, particularly for long-term rentals and resale value appreciation.

Saburtalo is the perfect option for budget-conscious buyers and investors looking for stable, long-term returns. With its modern apartments, reliable transport links, and close proximity to universities and businesses, it remains one of Tbilisi’s most practical and future-proof neighborhoods.

For those prioritizing affordability without sacrificing convenience, Saburtalo offers a balanced mix of value and growth potential, making it an attractive district for both homebuyers and rental investors.

#Mtatsminda – Luxury with a View

Perched high above Tbilisi, Mtatsminda is one of the city's most prestigious neighborhoods. Known for its panoramic views, quiet streets, and historic charm, this district offers some of the most exclusive real estate in the capital.

#Real Estate Market in Mtatsminda

Mtatsminda is a premium market segment, attracting buyers looking for exclusivity and long-term value appreciation.

• Price per square meter: $1,800–$2,500, among the highest in Tbilisi.
• Annual property value growth: 8%, reflecting its limited supply and continuous demand.
• Rental demand: High, particularly for luxury long-term rentals catering to expatriates, diplomats, and affluent locals.
• Typical rental yields: 4–6%, lower than short-term rental hotspots but stable in the luxury market.

Properties in Mtatsminda tend to hold their value due to limited new developments and the neighborhood's desirability.

#Who Lives in Mtatsminda?

Mtatsminda attracts a specific type of resident—those who prioritize exclusivity, tranquility, and a high standard of living.

• Affluent buyers seeking a peaceful retreat in the city.
• Retirees looking for quiet, scenic surroundings with easy access to cultural landmarks.
• High-net-worth individuals and expatriates who prefer premium residences.
• Investors focused on high-end properties with long-term appreciation potential.

The neighborhood has a low population density compared to bustling areas like Vera or Saburtalo, making it ideal for those who value privacy.

#Lifestyle and Amenities

Mtatsminda combines history, culture, and modern conveniences with an air of exclusivity.

• Unmatched views: Overlooks Tbilisi with some of the best cityscapes in Georgia.
• Quiet streets: Unlike busier districts, Mtatsminda offers a more relaxed pace of life.
• Cultural landmarks: Home to attractions like Funicular Park, Mtatsminda Pantheon, and historic theaters.
• Upscale dining and cafés: Fine dining spots and boutique coffee shops cater to a refined clientele.
• Green spaces: Proximity to Mtatsminda Park, a large recreational area offering fresh air and scenic walks.

Living in Mtatsminda means enjoying the best of Tbilisi while escaping the city's busier, more commercial districts.

#Investment Potential

Mtatsminda remains one of the safest investments in Tbilisi’s real estate market. Its limited property availability and continuous demand make it a top-tier location for long-term value retention.

Mtatsminda is one of Tbilisi's most exclusive districts, appealing to those who want luxury, privacy, and breathtaking views. While property prices are high, they reflect the neighborhood’s status and long-term appreciation potential.

For buyers who want a premium residence with cultural prestige, or investors seeking a high-end asset with lasting value, Mtatsminda is a prime choice in Tbilisi’s real estate market.

#Chugureti – The Up-and-Coming Arts District

Once an overlooked industrial area, Chugureti is now turning into one of Tbilisi’s trendiest neighborhoods. Old factories and Soviet-era buildings are being repurposed into art spaces, cafes, and boutique hotels. It has a raw, urban feel that’s attracting creatives and investors alike.

• Price per sqm: $1,200–$1,800
• Annual growth: 6–8%
• Rental demand: Rising, as more expats and young professionals move in
• Best for: Artists, gentrification-focused investors, budget-conscious buyers

With new businesses and cultural spaces popping up, Chugureti is quickly becoming a hotspot for those seeking a mix of history and modern energy.

#Didube – Affordable and Transit-Friendly

Didube is a practical, commuter-friendly district known for its major bus station and metro access. While it lacks the charm of Old Tbilisi, it offers some of the lowest property prices in the city, making it an attractive option for budget-conscious buyers.

• Price per sqm: $1,000–$1,400
• Annual growth: 5–7%
• Rental demand: Moderate, driven by commuters and students
• Best for: Long-term rental investors, buyers looking for affordable housing

If you want easy transportation and lower costs, Didube is a solid choice.

#Dighomi – Suburban Comfort with Growth Potential

Dighomi is one of Tbilisi’s most family-friendly districts, offering wide streets, green spaces, and modern apartment complexes. It’s an expanding area with new developments, shopping centers, and schools, making it a preferred choice for those looking for a suburban lifestyle.

• Price per sqm: $900–$1,500
• Annual growth: 6%
• Rental demand: Stable, mostly from families and expats
• Best for: Families, suburban homebuyers, expats seeking quiet living

As infrastructure improves, Dighomi is set to gain more value over time.

#Ortachala – Riverside and Quiet

Located near the Mtkvari River, Ortachala is a peaceful, residential neighborhood with a mix of Soviet and modern buildings. It offers a slower pace of life while still being close to the city center.

• Price per sqm: $1,200–$1,700
• Annual growth: 5–7%
• Rental demand: Moderate, mostly long-term tenants
• Best for: Those looking for a quieter lifestyle near central Tbilisi

Ortachala is a great pick for buyers who want a mix of city access and tranquility.

#Avlabari – The Lesser-Known Historic Gem

Avlabari is an old neighborhood with a rich history and scenic views of Narikala Fortress. It’s less touristy than Sololaki but offers similar charm with winding streets, traditional homes, and boutique hotels.

• Price per sqm: $1,300–$1,800
• Annual growth: 7–9%
• Rental demand: High, particularly for short-term rentals
• Best for: Buyers looking for a historic feel without Sololaki’s prices

With ongoing restorations and increasing interest, Avlabari is a strong investment option.

#Nutsubidze – Saburtalo’s Cheaper Alternative

Nutsubidze is a quieter, more affordable alternative to Saburtalo. It features many high-rise residential buildings with panoramic views and easy access to public transport.

• Price per sqm: $1,000–$1,400
• Annual growth: 6–7%
• Rental demand: Stable, mainly long-term residents
• Best for: Budget-conscious buyers, rental investors

For those looking for modern apartments at a lower cost, Nutsubidze is worth considering.

#Tbilisi Neighborhood Comparison

This table provides a quick overview of the best neighborhoods in Tbilisi based on price trends, rental demand, and investment potential.

#The Takeaway: Where Should You Buy?

Every neighborhood has something different to offer:

• Want luxury? Vake or Mtatsminda.
• Looking for Airbnb potential? Vera or Sololaki.
• Need a budget-friendly investment? Saburtalo.

Tbilisi is growing fast. Now is the time to buy. Grab a glass of wine, walk around your favorite area, and start picturing your future home. The city is waiting.