What are the current housing prices and expenses in Georgia?

Georgian currency and currency exchange

Georgian Lari (GEL)- This is the official currency of Georgia, with an exchange rate of approximately 0.3928 US dollars as of mid-May 2023. The annual inflation rate in the country, according to European standards, is 2.3% as of April 2023. Currency exchange is possible almost everywhere in the center of Tbilisi without fees, although rates may fluctuate throughout the day.

Prices for tickets and flights to Georgia

If you are planning to visit Georgia, you should know that the cost of tickets from Russia to Georgia ranges from 150 to 350 dollars depending on the season and airline, since May 2023. resumed direct air flights.

Housing expenses in Georgia

Real estate in Georgia is quite easy for foreigners to purchase: all you need is a passport and the required amount of money, with an initial payment of 20-30% of the apartment's cost. New developments often offer interest-free installments for a year to a year and a half.

Housing prices in Tbilisi and Batumi

Housing prices in Tbilisi and Batumi differ: the cost per square meter in new buildings ranges from 800 to 1300 dollars, depending on the completion date of the project, while on the secondary market, prices fluctuate between 600 and 1100 dollars. It is possible to purchase real estate remotely.

Living in Georgia and daily expenses

Daily expenses for food, clothing, and transportation in Georgia are affordable for many foreigners. Overall, life in Georgia is considered attractive for living and investing. Additionally, the real estate market in Georgia offers interesting opportunities, such as townhouses with panoramic sea views in Batumi; for example, a 150 square meter townhouse can be purchased for 170,118 euros. These properties are suitable for obtaining residency permits through real estate purchases, making them appealing to investors.

Residential complex in Makhindzhauri, Batumi

The new residential complex is located in the very heart of the balneological resort of Makhindzhauri, right on the shores of the Black Sea. It features a unique wellness microclimate that combines fresh mountain air, sea breeze, and lush greenery. The Flatiko complex offers a spacious apartment of 83 square meters for 87,358 euros. This new housing is on the 15th floor, just a 5-minute drive from the sea. It includes a large living room, two bedrooms, an office, and a separate kitchen, making it uniquely comfortable.

Real estate in Tbilisi

• RB offers an apartment with an area of 62 square meters for the price of 68,478 euros. The Ortachala residential complex is located in the historic center of Tbilisi, in an environmentally friendly area with parks and green spaces. The complex has 1,700 apartments distributed across 5-story blocks.
• VRC Idrisova offers an apartment with an area of 88 square meters for the price of 80,313 euros. The White Square Mindeli residential complex is a new project in the Saburtalo area, featuring six blocks ranging from 14 to 22 floors, including a variety of apartments.

Investment opportunities on the Black Sea coast

The Renaissance Alliance presents an investment project in Kobuleti, featuring three towers just 30 meters from the sea. This is the perfect place for those looking for high-yield real estate investments.

Land plots in Chakvi and Batumi

• The Alpha Group offers a land plot of 5,537 square meters in Chakvi for the price of 254,579 euros, suitable for both residential and commercial construction.
• A plot of 2000 square meters is also available in Batumi for 60,000 euros, which includes a large house, a fruit garden, and all necessary utilities. These plots offer unique opportunities for buyers.

Readiness of documents and assistance at all stages

Does your property want to look better? We offer assistance at all stages of the process. Are the documents ready? Need help? Feel free to call or write whenever it's convenient for you!

Sale of a cozy three-room apartment in Krtsanisi

We present to you a cozy three-room apartment in Krtsanisi, Tbilisi. The renovation was completed eight years ago, but the apartment is still in excellent condition. Features include three balconies, furniture and appliances included in the price, as well as a stunning view from three sides of the building. For your convenience, underground parking is available. The property is located in an environmentally friendly area with a coniferous forest and mountain air.

New building by BD Group in Saburtalo neighborhood

Another interesting option from the developer BD Group - an apartment in a building under construction, which will be completed by June 2024. The layout is 2+1, with a total area of 70 m². The new building is located in the rapidly developing part of the Saburtalo district. The apartment is sold in a white frame condition, giving you the freedom to realize all your ideas and plans for renovation.

Plot and house in the village of Gantiadi

Are you interested in purchasing a house with a plot of land? We have an offer in the village of Gantiadi, just 1.5 km from the Black Sea. The plot covers an area of 600 m² and is designated for agricultural use, but it can be converted to non-agricultural purposes. The house has a total area of 140 m² with concrete walls and is situated on an elevated area with good access. The plot is equipped with gas and all utilities.

Apartment in Batumi with two bedrooms

We present you an apartment in Batumi of 95 m 2, ideal accommodation with two separate bedrooms. bedrooms. It is already equipped with everything you need for a comfortable life. Very bright and spacious apartment with A very bright and spacious apartment with a good layout, harmoniously combining functionality and style for your comfort.

A complex on the first coastline in Gonio-Kvariati

Another attractive property is the complex on the first coastline in the Gonio-Kvariati area. This amazing place features a palm promenade, a clean pebble beach, surrounded by mountains and the sea. Green hills meet the sea, and along the coast, there are kilometers of running and cycling paths, boulevards, and parks.

Investment project in Batumi

Are you interested in an apartment in Batumi? We offer participation in an investment project at the initial stage of construction of a residence that will become the "face of the city." The location is favorable - just 100 meters from the beach on Heroes' Alley.

Enhancement of financial assets through investments

There is an opportunity to invest for a better future. The proposed project guarantees over 60% profit by the time it concludes in 2027.

Investing in apartments

You have the opportunity to purchase an apartment with an area of 29 m² in Batumi for €45,300. This is an attractive offer on the coast of Georgia with excellent conditions. The project is scheduled for completion in December of this year, with a down payment of 30% and an available installment plan.

The complex consists of three buildings, each with 35 or 45 floors, located near the Black Sea coast.

Other apartment options

There are also apartments for sale with an area of 81 m², featuring 2 bedrooms, 1 living room, and 1 bathroom. A 15% price reduction and the start of sales in 3 weeks make this an ideal investment.

It is possible to become the owner of an apartment of 80.6 m² with a terrace of 32.4 m² and a garden of 91.7 m².

Proposal for cottages

A modern cottage complex option with 4 bedrooms, 3 bathrooms, and 2 living rooms for €141,865. Conveniently located just 15 minutes from the center of Batumi.

Plot of land 1001 m 2 for agricultural use with the possibility of connection to the water supply for 46 051 € in Makhvilauri.

Unique architectural project

An architectural project in Gonio-Kvariati is also available, designed for discerning investors, with sales expected to start soon. Contact our specialists to purchase any property.

Our multifunctional hotel complex in Gonio-Kvariati

Our unique hotel complex in Gonio Kvariati is the perfect blend of luxury and practicality over 16 floors. Located in the heart of the resort town, it provides a unique 360 degree 360-degree infrastructure that is designed to cater to all guests' needs - be it leisure or business travel.

Our complex is not just a hotel; it's a whole world of possibilities. We have everything you need for a comfortable and luxurious stay - spacious apartments with breathtaking views and high-end finishes that ensure the highest level of comfort.

We also offer modern business centers, conference rooms, and office spaces for the successful conduct of business events. Here you will find everything you need for effective work in a comfortable environment.

Investment opportunities

• We offer favorable conditions for those looking to achieve a stable income from rental or real estate investment.
• Our professional management and years of experience guarantee high investment returns.

Our hotel complex is not just a place for relaxation or work. It is a lifestyle that combines modern trends with the highest level of luxury. Experience a new level of comfort and luxury in Georgia with our unique hotel.

In addition, we also provide information on opportunities and trends in investing in real estate in Georgia. It is interesting to know that the procedure for obtaining a Georgia residency permit requires an investment in real estate worth more than $100,000. This ensures the right to stay in the country without having to leave the country every year, as well as other benefits associated with owning real estate in this amazing country.

Housing in Georgia

In Georgia, you can find comfortable accommodation for $200 a month, although it may not be located in the city center, but rather in old panel buildings or private houses with amenities. Prices for mass-market housing range from $400 to $700 per month, which allows you to rent a two-bedroom apartment in a residential area or a private house. Such properties are usually offered with good renovations and furnished with modern furniture and appliances.

Utilities

Utility payments in Georgia are different from those in Europe. For electricity, water, heating, and garbage collection for an 85 sq. m apartment, you will need to pay about $75 per month, as there is no central heating in the country. Each family chooses what to use for heating – gas or electricity. Usually, the main bill is for gas, as it is often used for heating. There is also no centralized hot water supply, so houses have boilers. The cost of utilities remains low.

Food products

The dining culture in Georgia has many interesting features.

Product opportunities in Tbilisi

In Tbilisi, the capital of Georgia, the food options are diverse and appealing to both tourists and locals. For instance, the "Welcome" store chain regularly hosts drink tastings, making their special offers unique. In supermarkets, you can find ready-made salads, meat products, and a variety of dishes at affordable prices. For example, a salad costs only...$0.4for 100 grams, the cutlet is about$1and pancakes with filling – that's all$0.4Those who wish to finish their meal with dessert can add it to the bill for just$0.6-1.

Shopping in Batumi

In Batumi, it's especially advantageous to buy wine and meat at markets or local shops, where prices are lower and quality is higher than in supermarkets. Meat is also available in large supermarkets, but fresh and quality options are usually found in more specialized stores like "Dobro Pozhalovat," "Smart," or "Populi." Supermarkets like "Spar," "Carrefour," or "Nikora" are known for their high prices and don't always offer fresh meat.

In the markets of Batumi, prices are more affordable: beef costs about$5-6for a kilogram, and chicken about$2-2.5per kilogram. In Tbilisi, the Deserter Market and the Samgori Market near the train station are popular, where the prices for products are also pleasantly surprising.

Churchkhela is a Georgian sweet.

Churchkhela, the famous Georgian sweet, is worth paying attention to for counterfeits: the real one is made from grape juice and has a unique taste. The price depends on the number of nuts and the length, but on average it ranges between$1 and $1.5Georgians claim that the best samples of churchkhela can be found in the Kakheti region, starting at a price of$1.6 to $2In Tbilisi, they can be purchased, for example, at the Badagi shop or at the Nikora supermarket chain.

Baking in Georgia

Baking in Georgia is a true gastronomic delight. Every store offers a huge variety of fresh bread, and you can find bakeries on the streets selling khachapuri and other homemade treats. The prices for baked goods are very reasonable, making them even more appealing to tourists and locals alike.

The variety and availability of food in Georgia

You will find a variety of snacks and main dishes at affordable prices in Georgia. A small piece of khachapuri costs only $0.8–1, while various muffins and filled cookies range from $0.2 to $0.6. However, an apple pie can cost up to $1 per serving, and pastries with various fillings range from $0.6 to $0.8.

Fast food in Georgia

Fast food is represented by both global chains like KFC and McDonald's, as well as local establishments such as Murgy’s Burger, Wendy’s, and Mr. Cook. The prices will pleasantly surprise you: you can find a burger for $1-3.6, six strips for just $2, and a large portion of fries or a big cup of cola for about $0.6. Even coffee at fast food places won't burden your wallet: a large cappuccino will cost around $1.8.

Coffeesta coffee shop and café

In cafes, coffee prices are a bit higher: for example, a cappuccino at Coffeesta costs $2.30. Most locals prefer instant coffee, which can be bought for $0.30 at any kiosk.

Restaurants and food prices

Food in restaurants and cafes in Georgia is accessible to everyone. On average, a resident spends about $324 a month on it, while a family of four spends around $880. A meal in an inexpensive restaurant for one person costs between $6 and $18, averaging about $10 across the country. Dinner for two with three courses in an average restaurant ranges from $23 to $62, while a meal at McDonald's can be had for $7.

Popular cafes in Tbilisi

In Tbilisi, Machakhela and Samikitno are popular, offering a diverse menu at moderate prices. Another good option is the "Taglaura" chain. A tip of 10% is usually already included in the bill.

Shopping in the capital of Georgia

The capital of Georgia offers a variety of shopping places. Here you will find well-known chains like Waikiki and H&M, as well as local markets where clothing is cheaper than in boutiques. At Lilo Market, you can find a diverse range of clothing without additional markups. The Deserter Market in the city center offers a more central location and a wide assortment of goods, but the prices here are higher.

If you prefer comfortable shopping, Tbilisi Galleria, Tbilisi Mall, East Point, or the "Karvasala" shopping center will be good options. There are also places for pleasant shopping on Rustaveli Avenue.

Prices for clothing and footwear in Georgia

Prices for clothing and footwear in the mid-range segment can vary from moderate to quite high, providing broad access to a variety of products. Levis 501 jeans and similar quality items can cost between $29 and $155. Summer dresses from stores like Zara and H&M can be found in the price range of $21.5 to $97. At the same time, the price for a pair of Nike sneakers can range from $58 to $155, while men's leather shoes will cost between $62 and $252.

Public transport in Georgia

In Georgia, public transport is a very accessible means of getting around. The fare for a bus or minibus is about $0.12, and monthly passes can be purchased for $12–$15.5. In Tbilisi, bus stops are easily accessible, providing convenient travel around the city.

Cars in Georgia

If you have your own car, the price of fuel is about $1.4 per liter of gasoline. The new Volkswagen Golf 1.4 90 kW Trendline costs around $19,000 in Georgia, while the Toyota Corolla Sedan 1.6L 97kW Comfort is priced at $23,000. For convenient access to the airport, public transportation options such as buses and minivans No. 37 are available at standard prices.

Traveling in Georgia

Traveling on local minibuses, buses, and trains to nearby areas is characterized by convenience and cost-effectiveness. A ticket for a minibus from Tbilisi to Mtskheta costs only $0.6, while to Gori it’s $1.6. The funiculars in Tbilisi offer the opportunity to ascend to the mountain parks for $0.4–0.8 one way, depending on the final station.

Taxi in Georgia

Taxis in Georgia are quite affordable, and you can order them either on the spot or online through various services. A trip from Tbilisi to Gori via Uplistsikhe will cost around $40, but it's worth trying to negotiate for $25–$28 by visiting the Didube bus station.

The cost of a taxi is about $0.8 per kilometer, plus additional charges for calling a taxi (approximately $1.5) and an hourly waiting fee of around $4.6. A taxi ride within the city will cost between $1.5 and $3, while a trip to the airport will be at least $10, depending on the time of year and season. It will be difficult to reach most countryside attractions without a taxi.

How to get to the airport

Public transportation options, including buses and minibus route No. 37, are also available for airport accessibility at standard prices.

Conclusions

Public transport in Georgia is very accessible and convenient for getting around the city. Cheap taxis and relatively low gasoline prices also make car rentals affordable. Traveling on local minibuses, buses, and trains is the best choice for those who want to save money while enjoying the beauty of Georgia.

When renting a car in Georgia

It's important to study the terms of the contract. Usually, you are required to return the car in a clean condition, including the interior and exterior. A deposit of $200 to $300 may also be required. The rental price for a long term is usually lower than for a single day. For example, a company might charge around $55 per day for renting a Toyota RAV-4, but if you rent it for 31 days, the price drops to $20 per day. Compact cars cost between $35 and $45 per day. If you plan to drive in the city, it's better to choose a small car due to the narrow streets.

Additional services and information

• Insurance:It's usually already included in the rental price.
• Parking:Paid parking is inexpensive; for example, in Tbilisi, you can pay about $2 for a week or $20 for a year.
• Help with parking:In the city center, you can always find locals willing to help for a small fee.

Mobile communication in Georgia

Three mobile network operators are in operation - Geocell, Beeline, and Magti. Beeline has the lowest prices, but it only works on 2G and 4G networks. The SIM card is inexpensive, calls within the network are free, and calls to other networks cost $0.02. A package of 4 GB of internet for 30 days costs $3.70.

Geocell and Magti also offer 3G services. Their prices are slightly higher, but the difference is almost imperceptible. In Georgia, it's easy to find free Wi-Fi hotspots, for example, in Vake Park, on the Bridge of Peace, or on Mount Mtatsminda. Free internet is also available at the airport.

Health insurance

Although there is no free healthcare in Georgia, insurance is available at an affordable price thanks to numerous insurance companies. For example, the cost for a family of four is about $75-80 per month, including routine doctor visits and tests.

Completion

If you have some time left, be sure to travel around Georgia to enjoy the beauty of this country and its unique culture.

Conclusion

I want to emphasize that Georgia is an attractive place not only for vacation but also for real estate investments. A stable currency, relatively low housing prices, and the possibility of purchasing apartments remotely make this country appealing to foreign investors.

The favorable climate for tourism and the developed infrastructure make Georgia an attractive place for purchasing property, both for personal use and for renting out. The reliability of exchange points and the availability of currency make the currency exchange process convenient and straightforward for foreign visitors.

All of this together makes Georgia an attractive destination for real estate investments and promises good prospects for the development of both personal and commercial housing in this amazing country.