Gross rental yields in Georgia: Tbilisi, Batumi and Kutaisi

The average gross rental yield in Georgia stands at 12.14% (Q2, 2023).

  • Tbilisi
  • Batumi
  • Kutaisi
  Last Updated: July 11, 2023
TBILISI - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Saburtalo  
Studio €48,758 €563 13.86%
1-Bedroom €77,356 €844 13.09%
2-Bedroom €112,518 €1,031 11.00%
3-Bedroom €150,024 €1,406 11.25%
4+Bedroom €187,530 €1,406 9.00%
Vake      
Studio €59,072 €697 14.16%
1-Bedroom €126,583 €1,125 10.66%
2-Bedroom €173,465 €1,406 9.73%
3-Bedroom €234,413 €1,875 9.60%
4+Bedroom €284,108 €2,344 9.90%
Didi digomi      
Studio €32,818 €450 16.45%
1-Bedroom €51,571 €609 14.17%
2-Bedroom €67,511 €703 12.50%
3-Bedroom €74,356 €938 15.14%
4+Bedroom €114,393 €1,219 12.79%
Gldani      
Studio €38,912 €469 14.46%
1-Bedroom €52,508 €609 13.92%
2-Bedroom €62,354 €750 14.43%
3-Bedroom €73,137 €750 12.31%
4+Bedroom €69,855 €750 12.88%
Varketili  
Studio €29,536 €469 19.05%
1-Bedroom €49,695 €656 15.84%
2-Bedroom €62,823 €656 12.53%
3-Bedroom €71,261 €750 12.63%
4+Bedroom €76,887 €750 11.71%
Isuni      
Studio €36,803 €563 18.36%
1-Bedroom €52,508 €750 17.14%
2-Bedroom €77,356 €938 14.55%
3-Bedroom €84,389 €938 13.34%
4+Bedroom €131,271 €2,250 20.57%
Didube      
Studio €30,849 €469 18.24%
1-Bedroom €58,134 €703 14.51%
2-Bedroom €77,825 €844 13.01%
3-Bedroom €107,830 €938 10.44%
4+Bedroom €121,895 €1,406 13.84%
Nadzaladevi      
Studio €32,818 €563 20.59%
1-Bedroom €56,259 €656 13.99%
2-Bedroom €74,074 €750 12.15%
3-Bedroom €83,451 €1,078 15.50%
4+Bedroom €129,396 €1,125 10.43%
Tbilisi avg. Rental Yields 13.74%
BATUMI - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Khimshiashvili  
Studio €45,007 €422 11.25%
1-Bedroom €55,181 €609 13.24%
2-Bedroom €76,887 €750 11.71%
3-Bedroom €108,767 €750 8.27%
Airport  
Studio €48,758 €469 11.54%
1-Bedroom €44,538 €563 15.17%
2-Bedroom €58,322 €656 13.50%
3-Bedroom €82,513 €938 13.64%
Bagrationi  
Studio €45,007 €469 12.50%
1-Bedroom €45,945 €563 14.70%
2-Bedroom €69,386 €656 11.35%
3-Bedroom €99,860 €938 11.27%
Old Batumi      
1-Bedroom €56,259 €656 13.99%
2-Bedroom €103,142 €844 9.82%
3-Bedroom €168,777 €1,031 7.33%
Rustaveli      
1-Bedroom €63,760 €569 10.71%
2-Bedroom €90,952 €755 9.96%
Agmashenebeli  
1-Bedroom €36,334 €469 15.49%
2-Bedroom €53,446 €609 13.67%
3-Bedroom €66,573 €656 11.82%
Batumi avg. Rental Yields 12.05%
KUTAISI - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Kutaisi (all locations)  
Studio €23,441 €177 9.06%
1-Bedroom €29,536 €278 11.29%
2-Bedroom €48,758 €469 11.54%
Kutaisi avg. Rental Yields 10.63%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide and SS.ge

Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the largest cities of Georgia. We used the local real estate listing website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).

For instance, if the monthly rent is €500 and the purchase price is €100,000, the calculation would be: €500 (Monthly Rent) x 12 / €100,000 (Purchase Price) = 6% (Gross Rental Yield).