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In 2023, real estate transactions in Georgia surged by over 30%, fueled by an influx of foreign buyers, strong post-COVID migration patterns, and sustained investor demand across urban and regional zones. But early 2025 data signals a sharp pivot. Tbilisi saw a 20% drop in property transactions in Q1 alone, marking the steepest year-over-year decline in half a decade. This shift isn’t collapse, it’s consolidation. After two years of accelerated growth,

In 2023, over 520,000 international tourists visited Kakheti, a 22% rise from the previous year, according to Georgia’s National Tourism Administration. That’s not just a sign of growing interest in wine tourism, it’s a signal of something deeper: travelers are returning not only with memories, but with property deeds. Kakheti is no longer just a destination for scenic weekends. It’s becoming a second address for remote professionals, retirees, and short-term visitors

Foreigners who purchase property for personal use, whether as a second home, vacation retreat, or long-stay residence, do not pay annual property tax. Georgia’s real estate law differentiates between passive ownership and income-generating use. If a foreign owner does not lease their unit, no tax obligation is triggered, regardless of property value or duration of ownership. This places Georgia in stark contrast to countries like Portugal (0.3%–0.45% annual IMI tax) or

In 2024, new-build real estate accounted for 41.3% of all residential transactions in Georgia, a sharp increase from 32.8% just two years prior, according to data from the National Statistics Office of Georgia.¹ This shift reflects more than a construction boom, it reveals a strategic pivot by both local and international buyers toward modern, low-maintenance, and fully serviced properties that reduce the complexity of ownership. But not all new development property

In 2025, the landscape of cross-border real estate investing has shifted from speculation to strategy. Buyers aren’t just chasing hotspots, they’re seeking jurisdictions that combine transparent ownership laws, stable rental returns, low taxation, and minimal management friction. With more capital moving toward hospitality-integrated, turnkey units, the decision isn’t just about location, it’s about performance under pressure. According to Knight Frank’s Global Buyer Survey (2025), nearly 1 in 2 second-home investors now