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).