Purchasing real estate in foreign countries, such as Georgia, is a significant milestone for many individuals seeking to invest or establish a permanent residence outside their home country. Georgia, with its robust infrastructure, favorable property investment regulations, and a relatively straightforward purchasing process, is a sought-after destination for property acquisition in the Eastern Europe and Caucasus region. The country encompasses numerous cities with diverse neighborhoods, each possessing its own distinct characteristics. Property prices fluctuate across regions, with some areas commanding higher prices than others. If you are keen to discover the priciest and most budget-friendly neighborhoods for apartment purchases in Georgia, or if you are considering obtaining residence in Georgia, read on.
The Most Expensive Neighborhoods in Tbilisi for Apartment Purchases in Georgia
As previously mentioned, Georgia comprises several cities, but Tbilisi, as the capital, attracts a significant portion of the country’s population, immigrants, and both domestic and international investors. Tbilisi is also made up of various districts, some of which are costly for property acquisition, while others are more affordable. This city, renowned for its historical architecture, cultural and historical landmarks, and a vibrant real estate market, presents a favorable opportunity for investors looking to purchase property.
- Vake
Vake is regarded as one of the sought-after and desirable areas in Tbilisi, making it an ideal location for buy property in Georgia. Situated in the northern part of the city, this neighborhood offers a comprehensive range of social and recreational amenities, including parks, restaurants, bars, clubs, shopping centers, and more. In fact, Vake can be described as the most upscale and expensive district in Tbilisi. Many embassies and universities in Tbilisi are also situated in this area. Construction in Vake is continuously evolving, with the addition of modern towers and buildings. Some notable constructions carried out by reputable companies in Vake include Archi, Axis, Domus, HouseArt, M2, and Orion. The price of a furnished apartment in the Vake area of Tbilisi starts from $2,500 per square meter and varies based on various factors such as size, location, building type, and furnishings.
- Marjanishvili
Marjanishvili is one of the most popular neighborhoods in Tbilisi, attracting not only tourists but also being one of the pricier areas in the city for purchasing an apartment. In this district, you can find a multitude of bars, restaurants, and cafes. It has a traditional and old-fashioned charm and is located near the river. The price of a furnished apartment in Marjanishvili starts from $2,000 per square meter and varies based on factors such as size, location, building type, and furnishings.
- Saburtalo
As the third entry on the list of the most expensive neighborhoods in Tbilisi for apartment purchases in Georgia, we have Saburtalo. It is the largest residential neighborhood in Tbilisi, characterized by a considerable number of buildings, grocery stores, and other amenities. Although it may lack significant cultural and historical attractions and is considered less touristy, Saburtalo remains a popular choice for both domestic and foreign investors looking to buy property. Some prominent streets in this district include Pekini, University, and Vajapeshvela. Many renowned construction companies have completed their noteworthy projects in Saburtalo, including Green Hill, Archi, M2, At Home, Arqturi, Your House, Domus Development, Tbilisi Garden, White Square, Arcon Pekini Plaza, and Citizen. The price of an apartment in the Saburtalo area of Tbilisi starts from approximately $1,900 per square meter and varies depending on factors such as size, location, building type, and furnishings.
- Bagebi
Among the many luxurious and popular areas in Tbilisi, Bagebi stands out. It is situated in the northern part of the city, following Vake, and offers stunning natural surroundings, upscale buildings, and a wide range of amenities. Most of the buildings in this area boast a picturesque view of greenery and mountains, which is sure to catch the eye of potential property buyers. Noteworthy construction projects like Metra Park, Viva Development, and Plaza have given Bagebi a distinct and appealing look. The price of fully furnished apartments in the Bagebi neighborhood starts at $1900 per square meter and varies based on factors such as size, location, building type, and furnishings.
- Avlabari
Avlabari is one of the historic neighborhoods in Tbilisi, renowned for its landmarks like Metekhi Church, Holy Trinity Church, and the Armenian Theater. This area, built by Armenians, possesses a unique and separate identity from the rest of the city. It is conveniently located close to the city center and is considered a residential area. Similar to other neighborhoods, Avlabari offers a mix of old and new buildings. Some prominent construction projects in the area include Moedani and Archi. The price of apartments in Avlabari starts at $1900 per square meter and varies based on factors like size, location, building type, and furnishings.
- Didube
Didube is another upscale neighborhood for purchasing apartments in Georgia, despite being relatively crowded. The presence of Tbilisi Terminal in Didube contributes to the lively atmosphere of the area. Additionally, the neighborhood benefits from a metro station, making transportation more convenient. Didube offers all the necessary amenities for comfortable living, including a large fruit and vegetable market and grocery stores. The price of furnished apartments in Didube starts at $1700 per square meter and varies based on factors like size, location, building type, and furnishings.
- Lisi
Lisi is widely regarded as one of the top recreational areas in Tbilisi, known for its peaceful ambiance. The surrounding green hills and forests not only create a pleasant climate but also offer captivating views from the apartments in this area. The price of furnished properties in Lisi starts at $1700 per square meter and varies based on factors like size, location, building type, and furnishings.
Most Affordable Neighborhoods in Tbilisi for Buying an Apartment in Georgia
As previously mentioned, a significant portion of Tbilisi’s population consists of immigrants and investors. Apartment prices vary across different areas of the city, with location playing a crucial role in determining the cost. If you have a limited budget and are looking to become a property owner in Georgia at an affordable price, we will introduce you to the most economical neighborhoods for buying an apartment:
- Didi Dighomi District
Investing in property in Tbilisi’s Didi Dighomi District is an appealing option for real estate in Georgia. It’s important to note that Didi Dighomi has gained popularity as a residential area in recent years, and most of the buildings in this neighborhood are newly constructed. The real estate market in this area is dynamic and diverse, offering suitable amenities for living or investment. Apartments in the Didi Dighomi District start at $1,300 per square meter and vary based on factors like size, location, building type, and furnishings.
- Isani District
Isani is a highly sought-after area for property purchases among both domestic and foreign investors. This neighborhood enjoys a convenient location and urban amenities. The real estate market here offers a range of options, from luxurious and modern buildings to older, more traditional ones. Notable construction projects in Isani include Archi, Dirsi Complex, and Your House. The price of furnished apartments in Isani starts at $1,600 per square meter and varies based on factors like size, location, building type, and furnishings.
- Gldani District
Gldani is a popular neighborhood for property purchases situated in the northern part of Tbilisi. It offers a diverse range of residential amenities. With the urban and economic development of Tbilisi, Gldani has the potential for noticeable increases in property value. Notable construction projects in this area include Archi. The price of furnished apartments in Gldani starts at $1,600 per square meter and varies based on factors like size, location, building type, and furnishings.
- Ortachala
Ortachala is another affordable neighborhood for buying an apartment in Georgia, located in the central part of Tbilisi. It provides good residential and recreational facilities, making it a suitable option for living and investment. The price of furnished apartments in Ortachala starts at $1,500 per square meter and varies based on factors like size, location, building type, and furnishings.
- Varketili
Varketili is definitely a neighborhood to consider for those seeking affordable apartments in Georgia. Situated in the eastern part of Tbilisi, it features a mix of modern and older buildings. If you have a limited budget for investment or are looking for an affordable property in Georgia, Varketili is a suitable choice. The price of furnished apartments in Varketili starts at $1,400 per square meter and varies based on factors like size, location, building type, and furnishings.
Important Tips for Buying Property in the Most Expensive and Most Affordable Neighborhoods in Tbilisi
- The prices mentioned for these neighborhoods are based on furnished apartments with average household items, and they may vary depending on the criteria mentioned earlier. However, prices for bare frame, white frame, and shell and core apartments are generally lower than furnished properties.
- All the neighborhoods mentioned are located in Tbilisi and are known for their favorable location, amenities, and construction status. They are highly sought after by both domestic and foreign investors, as well as immigrants.
- These neighborhoods are not only suitable for buying property but also for rent property in Georgia.
- The choice of which neighborhood to buy property in depends entirely on the buyer’s conditions and preferences. Seeking advice from experienced and professional real estate consultants can help you make the best decision based on your taste, situation, and budget. Sisno Group, with a professional team fluent in Georgian, English, Russian, Persian, and Arabic, is ready to provide consulting and specialized services in the real estate field to their valued customers.
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