ITALIAN STANDARDS · GEORGIAN MARKET

Invest in Georgia.Italian standards.Zero compromise.

Premium real estate agency for foreign investors.

Tbilisi, Georgia
One of Europe's fastest-growing real estate markets
PREMIUM MARKET
$4.3B
MARKET VOLUME 2024
8.6%
AVG RENTAL YIELD
17%+
FOREIGN BUYERS
1–4
DAYS TO REGISTER
Matteo Gaffarelli — Founder Gaffarelli Estate
2+
YEARS IN TBILISI
FOUNDER & MANAGING DIRECTOR

Matteo Gaffarelli

Italian Entrepreneur · Based in Tbilisi, Georgia

I left Italy with one goal: build something real.

Georgia caught my attention for the same reason it catches most serious investors — a market with genuine potential, moving fast, but without the professional infrastructure to support it properly. That gap wasn't a problem to me. It was an opportunity.

I've been based in Tbilisi for over two years. Long enough to know the market from the inside — the developers, the districts, the legal process, the pace of how things actually work here. I'm direct. I follow through. And I don't take on clients unless I believe the investment makes sense for them.

That's the foundation Gaffarelli Estate is built on.

✓Deep developer network
✓Legal contacts
✓Foreign investor focus
✓European standards
🇮🇹 Italian — Native
🇷🇺 Russian — Fluent
🇬🇧 English — Working
TBILISI LIFESTYLE TOUR
Discover Tbilisi's premium real estate
A city of culture, growth, and opportunity.
GEORGIA REAL ESTATE MARKET

Numbers don't lie.

Five years of data and five-year projections — everything you need to make an informed decision.

2020 — 2025
Market performance
How Georgia's market grew
CLICK TO EXPLORE
2025 — 2030
Market outlook
Where the market is heading
CLICK TO EXPLORE

Georgia's residential market went from a regional footnote to a European benchmark in five years. Transaction volumes hit an all-time high in 2024 and Tbilisi now ranks among the highest-yielding capitals in Europe.

$4.3B
MARKET VOLUME 2024
NAPR / Orange Group
+127%
VOLUME GROWTH 2020–2024
Geostat
8.6%
AVG RENTAL YIELD TBILISI
TBC Capital 2025
17%+
FOREIGN BUYER SHARE
NAPR 2024
TRANSACTION VOLUME (USD BILLIONS) — 2020 TO 2024
AVG PRICE GROWTH PER SQM (%) — TBILISI RESIDENTIAL

2022 spike driven by capital inflows post-Russia sanctions. Market stabilised at +8.4% in 2024 — healthy, sustainable growth. Source: Geostat

Georgia's fundamentals remain exceptional — low taxes, zero ownership restrictions, growing tourism, and EU candidate status progressing. Analysts project sustained price growth of 6–10% annually through 2030, driven by infrastructure investment and a supply gap in premium segments.

Actual data
Projected (base case)
MARKET VOLUME FORECAST (USD BILLIONS) — 2020 TO 2030
EU CANDIDATE
European integration path
EU candidate status drives institutional investor confidence and foreign capital inflows into Georgian real estate.
+40% FDI growth by 2027
TOURISM
Tourism at record highs
7.1M tourists in 2024 — up from 4.8M in 2021. Short-term rental demand drives premium yields in Tbilisi and Batumi.
7.1M visitors in 2024
INFRASTRUCTURE
Major investment pipeline
Metro expansion, new airport terminal, and Anaklia deep sea port — increasing connectivity and property demand.
$2.8B public investment 2025–28

Sources: Geostat, NAPR, TBC Capital, World Bank Georgia 2024, Orange Group. Projections are base-case estimates, not guarantees.

INVESTMENT CALCULATOR

Calculate your return.

Estimate your ROI, rental yield and property appreciation — adjust the sliders to match your investment profile.

ROI & Rental Yield
Property Projection
PROPERTY PRICE$150,000
MONTHLY RENT$900
OCCUPANCY RATE90%
ANNUAL EXPENSES$2,400
GROSS ROI
7.2%
per year
NET ROI
5.6%
after expenses
GROSS RENT/YEAR
$9,720
before tax
NET INCOME/YEAR
$6,948
after 5% tax + costs
Annual gross rent$9,720
Georgia rental tax (5%)-$486
Annual expenses-$2,400
Vacancy loss-$972
Net annual income$5,862
Payback period17 yrs
PROPERTY PRICE$150,000
ANNUAL APPRECIATION8%
MONTHLY RENT$900
PROJECTION PERIOD10 years
PROPERTY VALUE
$323,838
in 10 years
CAPITAL GAIN
+$173,838
appreciation
TOTAL RENT
$108,000
gross rental income
TOTAL RETURN
$281,838
gain + rent combined
PROPERTY VALUE OVER TIME
Initial investment$150,000
Final property value$323,838
Total ROI187.9%
Annualized return16.7%
Projections are illustrative estimates. Actual returns depend on market conditions and local regulations. Not financial advice.
WANT REAL NUMBERS?
These are estimates. We can give you exact figures.
Based on current Tbilisi projects, actual 2025 rental data and Georgian bank rates — Matteo will send you a personalised investment calculation within 24h.
WHY GEORGIA

Structural advantages. No other market matches.

Georgia offers foreign investors what no other European market can.

OWNERSHIP
Full foreign ownership rights
All nationalities, no restrictions. No local partner required. Buy, own, and earn remotely.
TAXATION
No stamp duty. No purchase tax.
Flat 5% rental income tax only. One of the most investor-friendly tax regimes in Europe.
PROCESS
Remote purchase possible
Full power-of-attorney for non-resident buyers. NAPR registration in 1–4 business days.
GET IN TOUCH

Let's talk about your investment.

Tell us your budget and goals. We'll match you with the right projects and handle everything from there.

WHATSAPP / TELEGRAM
+995 599 906 920
EMAIL
info@gaffarelliestate.com
LOCATION
Tbilisi, Georgia
Ready to invest in Georgia?
Tell us your budget. We handle everything else.
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Teo — Gaffarelli Estate
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Investing in Tbilisi
2026 — Complete Guide
Market data, ROI analysis, legal framework and process A–Z — everything foreign investors need to know.
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