The land real estate market in Georgia is growing steadily, with annual sales increasing by around 5–6%, according to Irma Elbakidze, founder of brokerage company Binarea.
In the first quarter of 2026, land transactions in Kakheti rose 17% year-on-year, while the Black Sea region saw growth of up to 12%, Elbakidze said in an interview with Sakmis Kursi (Business Course).
“Overall, transactions have increased by 15–20%, with strong interest from Israel, Arab countries, and CIS states. Demand has grown, especially following recent developments in the Middle East,” she added.
Rising demand and limited land supply are pushing prices higher. “Some owners have paused sales, expecting prices to increase further,” Elbakidze said. She cited a Tbilisi suburb where a plot that sold for $12 two years ago is now listed for $120, attributing the jump to demand.
Experts expect the Georgian land market to continue its steady growth throughout 2026.
