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 |
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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).
