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Property prices in Tbilisi

Hello everyone,

Finding affordable housing in Tbilisi is number one priority for newcomers. Tell us more about the estate market in your district/city/region.

What are the most desired places to live? What are the most affordable ones? What is the average cost of a rented flat? And what is the average sale price for an appartment or a house? Could you tell us more about local real estate policies/procedures? What about property tax or residency tax in Tbilisi?

What about you? Where do you live now? Is it a place you would recommend?

Thank you in advance for your clarifications.

Priscilla

Do you know about property E auction, suitable for expats

Hi Priscilla,

I can answer a few of those questions. Having lived in Tbilisi for 2 years, I have garnered some information regarding this topic.

Average rent for a decent apartment is $400. If it's a new building it might be higher, if it's older it might be cheaper. anything less than $350 might not have all the luxuries like oven and a/c. Looking around is a must and having a local to help severely affects the payment amount.

Regarding tax, i do not know that, since i paid my landlord and that's it.

Bills are paid monthly; system is amazing. There are pay boxes in the street. You just input your code and pay the amount stated. If that is bothersome, you can do everything through internet banking and via sms.

A good website for searching is www.myhome.ge  many deals and many places available.

Vake -  This is the posh area of town, and the prices reflect it. Most high end shops are found here and many places to rent. Unfortunately, the quality of the buildings leaves much to be desired.

Sololaki - is the city centre. Many old buildings here. Some expat might avoid living here due to the state of the buildings. Small rooms, average rent but close to anything and everything really.

Isani, Avlabari, Ortachala, Vera - Practically surrounding the old district and  easy to travel. Can find many places here depending on what you are looking for and what standards you have.

Verkatili, Digomi - the cheapest place and furthest from city centre. Again, building quality a factor of your decision.

Whilst Georgia has the lari as an everyday currency, every expensive purchase is done in US dollar. So paying rent, buying an apartment, buying a car, it's all done in dollars. and prices are pretty steep compared to the standard of living here.

Rental market is mainly targeted to expats since locals cannot afford the price demanded.

I have rented my apartment for two years, but I was never given a contract. Contracts are not really a thing here. I paid $550 a month in Isani, but the apartment was in a new building and amazing quality compared to what is the norm on the market.

Thanks for information (Amifsud)

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