Gross rental yields in Georgia: Tbilisi, Batumi and Kutaisi

The average gross rental yield in Georgia stands at 9.01% (Q3, 2023).

  • Tbilisi
  • Batumi
  • Kutaisi
  Last Updated: Oct. 4, 2023
TBILISI - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Saburtalo  
Studio €47,673 €568 14.30%
1-Bedroom €92,698 €662 8.57%
2-Bedroom €127,697 €851 8.00%
3-Bedroom €168,370 €1,135 8.09%
4+Bedroom €208,098 €1,372 7.91%
Vake      
Studio €75,672 €757 12.00%
1-Bedroom €141,885 €946 8.00%
2-Bedroom €189,180 €1,230 7.80%
3-Bedroom €264,852 €1,703 7.72%
4+Bedroom €364,172 €2,081 6.86%
Didi digomi      
Studio €40,674 €662 19.53%
1-Bedroom €55,335 €473 10.26%
2-Bedroom €74,726 €567 9.11%
3-Bedroom €89,861 €757 10.11%
Gldani      
1-Bedroom €58,646 €378 7.73%
2-Bedroom €73,733 €568 9.24%
3-Bedroom €80,402 €615 9.18%
4+Bedroom €76,854 €568 8.87%
Varketili      
Studio €43,511 €426 11.75%
1-Bedroom €53,916 €520 11.57%
2-Bedroom €69,051 €615 10.69%
3-Bedroom €85,131 €662 9.33%
4+Bedroom €102,157 €757 8.89%
Isuni      
Studio €37,268 €568 18.29%
1-Bedroom €63,375 €568 10.76%
2-Bedroom €94,590 €709 8.99%
3-Bedroom €122,967 €946 9.23%
4+Bedroom €174,992 €1,206  
Didube      
Studio €47,295 €473 12.00%
1-Bedroom €68,105 €568 10.01%
2-Bedroom €93,928 €662 8.46%
3-Bedroom €129,588 €804 7.45%
4+Bedroom €151,344 €1,135 9.00%
Nadzaladevi      
1-Bedroom €68,105 €568 10.01%
2-Bedroom €87,638 €662 9.06%
3-Bedroom €107,833 €757 8.42%
4+Bedroom €118,238 €757 7.68%
Tbilisi avg. Rental Yields 9.86%
BATUMI - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Khimshiashvili  
Studio €50,133 €378 9.05%
1-Bedroom €72,834 €563 9.28%
2-Bedroom €92,698 €662 8.57%
3-Bedroom €133,372 €946 8.51%
Airport  
Studio €47,295 €435 11.04%
1-Bedroom €54,862 €520 11.37%
2-Bedroom €72,361 €615 10.20%
Bagrationi  
Studio €40,674 €426 12.57%
1-Bedroom €56,754 €473 10.00%
2-Bedroom €89,388 €615 8.26%
3-Bedroom €110,670 €946 10.26%
Old Batumi      
1-Bedroom €74,253 €520 8.40%
2-Bedroom €118,238 €662 6.72%
3-Bedroom €179,721 €851 5.68%
Rustaveli      
Studio €63,375 €424 8.03%
2-Bedroom €70,943 €473 8.00%
2-Bedroom €122,021 €662 6.51%
3-Bedroom €199,585 €757 4.55%
Agmashenebeli  
1-Bedroom €49,187 €389 9.49%
2-Bedroom €66,213 €473 8.57%
3-Bedroom €74,726 €591 9.49%
Batumi avg. Rental Yields 8.79%
KUTAISI - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Kutaisi (all locations)  
1-Bedroom €36,417 €247 8.14%
2-Bedroom €52,025 €353 8.14%
3-Bedroom €56,754 €419 8.86%
Kutaisi avg. Rental Yields 8.36%
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).