Gross rental yields in Georgia: Tbilisi and Batumi

The average gross rental yield in Georgia stands at 7.85% (Q1, 2024). Previously, in Q3, 2023 the average gross rental yield stood at 9.01%.

  • Tbilisi
  • Batumi
  Last Updated: Jan. 25, 2024
TBILISI - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Saburtalo  
1-Bedroom €89,045 €551 7.42%
2-Bedroom €126,683 €826 7.83%
3-Bedroom €156,058 €1,102 8.47%
4+Bedroom €212,974 €1,377 7.76%
Vake      
Studio €83,996 €431 6.16%
1-Bedroom €120,257 €918 9.16%
2-Bedroom €197,368 €1,193 7.26%
3-Bedroom €257,037 €1,469 6.86%
4+Bedroom €348,836 €1,836 6.32%
Didi digomi      
Studio €34,884 €344 11.85%
1-Bedroom €56,915 €379 7.99%
2-Bedroom €75,275 €459 7.32%
3-Bedroom €90,881 €643 8.48%
4+Bedroom €114,749 €1,193 12.48%
Gldani      
Studio €33,048 €310 11.26%
1-Bedroom €57,833 €413 8.58%
2-Bedroom €73,439 €505 8.25%
3-Bedroom €80,783 €551 8.18%
Varketili      
Studio €40,392 €310 9.21%
1-Bedroom €54,161 €367 8.14%
2-Bedroom €66,554 €459 8.28%
3-Bedroom €83,537 €459 6.59%
4+Bedroom €87,209 €505 6.95%
Isani      
1-Bedroom €62,791 €505 9.65%
2-Bedroom €87,209 €643 8.84%
3-Bedroom €94,553 €688 8.74%
4+Bedroom €165,238 €826 6.00%
Didube      
Studio €41,310 €310 9.01%
1-Bedroom €62,423 €459 8.82%
2-Bedroom €95,471 €551 6.92%
3-Bedroom €114,749 €643 6.72%
4+Bedroom €132,191 €1,010 9.17%
Nadzaladevi      
1-Bedroom €45,441 €321 8.48%
2-Bedroom €62,423 €459 8.82%
3-Bedroom €84,914 €551 7.78%
4+Bedroom €110,159 €597 6.50%
Tbilisi avg. Rental Yields 8.77%
BATUMI - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Khimshiashvili  
Studio €45,900 €275 7.20%
1-Bedroom €67,013 €459 8.22%
2-Bedroom €85,373 €551 7.74%
3-Bedroom €100,979 €643 7.64%
Airport  
Studio €37,638 €293 9.34%
1-Bedroom €49,571 €367 8.89%
2-Bedroom €68,849 €459 8.00%
3-Bedroom €91,799 €597 7.80%
Bagrationi  
Studio €39,474 €275 8.37%
1-Bedroom €52,325 €367 8.42%
2-Bedroom €77,111 €459 7.14%
3-Bedroom €105,569 €734 8.35%
Old Batumi      
1-Bedroom €71,603 €413 6.92%
2-Bedroom €119,339 €505 5.08%
3-Bedroom €128,519 €734 6.86%
Rustaveli      
Studio €64,259 €294 5.49%
2-Bedroom €66,095 €367 6.67%
2-Bedroom €102,815 €551 6.43%
3-Bedroom €161,566 €689 5.12%
Agmashenebeli  
1-Bedroom €50,489 €344 8.19%
2-Bedroom €63,341 €367 6.96%
3-Bedroom €74,726 €591 9.49%
Batumi avg. Rental Yields 7.47%
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).