Georgia’s economy and real estate markets continued strong momentum in the first half of 2025. With 9.8% GDP growth – the second-highest per-capita globally – and major new investment projects announced, the country is reinforcing its position as a regional growth hub.

The report covers key market insights across:

• Residential real estate: Tbilisi’s market value reached $1.17B with new home sales surpassing secondary transactions for the first time.
• Hospitality & tourism: International visitors grew to 2.8M (+5% YoY), with Tbilisi and Batumi showing strong hotel performance.
• Commercial & retail: Average retail prices reached $1,464/sqm, with a 150,700 sqm pipeline of new shopping centers and outlets reshaping the market.
• Offices & coworking: Rising supply of modern office space, stable rents, and an expanding coworking sector underline Tbilisi’s role as a business hub.

Download the full report to explore detailed data, trends, and forecasts shaping Georgia’s economy and real estate sectors in 2025.