Over the last decade, Georgia’s housing market has been seeing steady growth, and international buyers seem to be taking a lot of notes. At the very least, current growth forecasts seem to be strong and healthy, while hard data on prices and transactions point to a market that has no trouble maintaining momentum. We do, however, need to note that while real estate demand is steadily rising all across Georgia, Tbilisi, as ever, remains its epicenter and main driving force.
The World Bank and IMF now forecast real GDP growth around 7% in 2025 for Georgia, placing it among the fastest-growing economies in Europe.
Home values are rising in tandem – Georgia’s official Residential Property Price Index climbed +11.5% year-on-year in Q1 2025. To put things in context, this is around ~58% above 2020 levels. International investors looking to buy an apartment in Tbilisi may also find it heartening that Georgia remains one of the most favorable countries to non-residents when it comes to acquiring property and starting a business. At the end of 2024, the World Bank ranked Georgia 3rd in its new Business Ready (B-READY) ranking (after Singapore and Estonia), highlighting the simple regulatory frameworks, accessible public services, lack of bureaucracy, and operational efficiency.
Tbilisi’s wider market has moved at a healthy clip in the post-pandemic period. By the end of 2024, sales edged about 2% above 2023, and December alone was up roughly 7% year on year. In simple terms, homes are changing hands. That kind of pace keeps resale listings from sitting and gives new, off-plan launches a lift – helping to narrow the gap between the asking and final prices across both blue-chip streets and up-and-coming territories.
Nadzaladevi is one such district that has quietly turned into a standout while most people weren’t really looking. It was already gaining ground in Q3 2022 (about 6.9% annual growth), and by September 2023, prices for older apartments were roughly 32% higher than a year earlier – one of the sharpest climbs in Tbilisi. It forced the buyers to clearly re-rate the district in the last couple of years, and landlords have seen the knock-on effect in stronger rental demand.
Why Investors Should Pay More Attention to Nadzaladevi Districts’ Dadiani Street
Dadiani Street, one of the (if not the) major locations in Nadzaladevi district, is seeing a particularly noticeable increase in demand. In large part, this is due to the infrastructure- the Nadzaladevi metro sits right on Dadiani Street, and the Didube transport hub is only about a kilometer away, with the residents enjoying a well-connected metro-bus-rail system. The concrete jungle hasn’t fully taken over here, with greenery taking up a rather large chunk of the district, with Kikvidze Park likely the most famous green public area anywhere near Dinamo Arena.
There’s also a solid number of schools, supermarkets, pharmacies, and other day-to-day necessities sprinkled along the blocks. The number of cafes and restaurants is, as yet, a bit sparse compared to the city center, but the traction has picked up in the last couple of years. For residents thinking of moving into the area, that means an easy life on foot; for investors thinking about buying an apartment under construction, it translates into steady tenant interest and fewer vacancy surprises down the line.
Grand Avenue by Archi – 644 Apartments Sold in 5 Hours
Archi has already developed one residential complex near Dinamo Arena, and is currently working on its second project in the district – Grand Avenue. This one is much grander, to fit the title – a monumental development following the “city within a city” theme. The plan is to dedicate 75% of its territory to greenery and recreational zones, providing the residents with everything you need right on the complex territory: co-working spaces, a gastro hub, indoor/outdoor pools, a spa, a padel center, fitness, a school and a kindergarten, cultural venues, and even an underground tunnel connection to Tsereteli Avenue.
The philosophy behind such concepts has already been validated by some of Europe’s best urban regenerations: compress commute times, concentrate amenities within a walk, and raise quality of life, and people will flock to the project, increasing both short-term profit and long-term asset values. It’s the New Downtown of Tbilisi.
Current reception has validated this belief. At the Grand Avenue by Archi official presentation on September 20, the company set a new record, selling 644 apartments in just five hours. For buyers still on the fence, it’s worth noting that the European experience has shown that apartments under construction often transact at a lower price to their expected completed-unit value. And that gap tends to narrow as years go by, more construction milestones are met, and on-site services start opening.
Georgia’s real estate performance on the macro level, Tbilisi’s resilient deal flow, and Nadzaladevi’s trajectory create a compelling case that this is the hotspot district investors and residents alike should be looking at right now. There’s the ease of Dadiani Street’s transit, the amount of green spaces, and the necessary daily infrastructure in easy reach—the result is a rare alignment of livability and long-term value drivers in the capital. And keep in mind, Grand Avenue by Archi plans to take the standard of living in this district much, much higher, with its “city within a city” idea, creating a whole new ecosystem.
