Profitable real estate investment opportunities in Tbilisi

While I don't have access to real-time data for the year 2022, I can provide you with a general overview of Tbilisi's growth and real estate investment opportunities based on the available information. Please note that the numbers provided are approximate and may have changed since then.

Strong Economic Growth: Tbilisi has experienced consistent economic growth over the years. On March 21, the National Statistics Service of Georgia (Geostat) published preliminary data indicating that in the fourth quarter of 2022, the country’s real gross domestic product (GDP) increased by 9.7% compared to the corresponding period of the previous year, reaching 20.6 billion GEL at current prices.
According to Geostat, in the IV quarter of 2022, the following industries made a significant contribution to growth: construction (33.2 percent), information and communication (60.9 percent), wholesale and retail trade; repair of motor vehicles and motorcycles (13.1 percent), transportation and storage (27.9 percent), arts, entertainment and recreation (16.8 percent), manufacturing (5.0 percent). Driven by various factors such as favorable government policies, business-friendly environment, and strategic location at the crossroads of Europe and Asia. The city's GDP has been consistently rising, attracting both domestic and international investors.

Infrastructure Development: Tbilisi has undergone significant infrastructure development, including the construction of modern roads, bridges, and public transportation systems. The government has also prioritized the improvement of utilities, such as water and electricity supply, making the city more attractive for investment and residential purposes.

Urban Renewal and Modernization: Tbilisi has experienced a wave of urban renewal, with the revitalization of historic districts and the creation of modern infrastructure. The Old Town area, with its charming architecture and cultural heritage, has been restored and attracts tourists and investors alike. The city's skyline has also been transformed with the construction of modern high-rise buildings, offering luxurious residential and commercial spaces, shopping malls, and mixed-use developments.
These projects aim to meet the growing demand for high-quality real estate and cater to the needs of both residents and businesses.

Real Estate Demand: Tbilisi has experienced a growing demand for real estate from international investors. The city's affordable property prices compared to other European capitals have contributed to this demand.
Comparison with Dubai: Tbilisi's real estate market differs from that of Dubai in several aspects. Dubai is known for its iconic skyscrapers, luxury developments, and a large number of expatriate residents. While Tbilisi does not match Dubai's scale or international prominence, it offers unique advantages such as affordability and a burgeoning market. Tbilisi's real estate market may present greater potential for capital appreciation and investment returns compared to the more mature and saturated market in Dubai.

It is important to conduct thorough research and consult with local real estate experts to obtain up-to-date information and detailed analysis of the current real estate market trends in Tbilisi before making any investment decisions. Market conditions and investment opportunities can change over time, so it's essential to gather the latest data and insights to make informed choices.

Our global agency Property4you is located in the very center of Tbilisi and has been operating in the real estate market for only one year. Despite our young age, we have already managed to make a name for ourselves and expect to gain a reputation as a provider of first-class real estate services for our clients. Become one of the most promising real estate agencies in one ministry.
For our current and potential clients, we offer a full range of services available with real estate in Tbilisi and throughout Georgia. We help our children not only buy or sell real estate in Georgia, but we fully accompany them to get closer: we select exclusive and profitable properties from a closed and up-to-date database, we help to complete all the necessary documents. Our lawyers have legal support in all cases when it comes to the safety and protection of their rights.
Also, our company Property4you specializes in coastal areas and offers services for the rental and sale of offices and street retail areas. A successful business depends on the choice of location, so our cases are always found in children, the ideal place to develop their business.
In a word, we offer all the necessary services for those who want to buy or sell real estate in Georgia, as well as for those who are looking for commercial space or street retail.

If you need real estate assistance, contact Property4you - you won't regret it!