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
MG
5+
YEARS IN TBILISI
FOUNDER & MANAGING DIRECTOR

Matteo Gaffarelli

Italian Entrepreneur · Based in Tbilisi, Georgia

Former founder of Gaffarelli Export LLC — B2B commercial operations across Georgia's HoReCa segment. Deep local network: developer relationships, legal contacts, and investor community built over years on the ground in Tbilisi.

European professional standards applied to a Georgian-market operation — rare in this space.

Deep developer network
Legal contacts
Foreign investor focus
European standards
🇮🇹 Italian — Native
🇷🇺 Russian — Fluent
🇬🇧 English — Working
TBILISI LIFESTYLE TOUR
TBILISI LIFESTYLE TOUR
Discover Tbilisi's premium real estate
A city of culture, growth, and opportunity.
2:45
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.

OUR DEVELOPERS

Georgia's most trusted builders.

We partner exclusively with vetted developers. Hover a card to see their projects.

01
Archi
Residential · Tbilisi
Georgia's leading residential developer. Known for modern design, quality construction, and on-time delivery.
Archi — Active Projects
Archi Horizon · Ortachala
Archi Alley Block C · Didi Dighomi
King Tamar by Archi · Saburtalo
View All Projects →
02
Developer B
Mixed-use · Tbilisi
Large-scale mixed-use developments across key Tbilisi districts with strong rental yield history.
Developer B — Active Projects
Project Delta · Didi Dighomi
Project Epsilon · Isani
Project Zeta · Nadzaladevi
View All Projects →
03
Developer C
Luxury · Tbilisi
High-end luxury segment specialist with premium finishes and exclusive locations.
Developer C — Active Projects
Project Eta · Mtatsminda
Project Theta · Vera
View All Projects →
04
Developer D
Residential · Tbilisi
Established developer specialising in mid-range residential with strong yields in emerging Tbilisi districts.
Developer D — Projects
Project Iota · Nadzaladevi
Project Kappa · Isani
View All Projects →
05
Developer E
Commercial · Tbilisi
Commercial and mixed-use specialist with a track record in Tbilisi's business districts and high-footfall areas.
Developer E — Projects
Project Lambda · Vake
Project Mu · Mtatsminda
Project Nu · Saburtalo
View All Projects →
06
Developer F
Luxury · Tbilisi & Batumi
Ultra-premium developer operating in Tbilisi and Batumi. Bespoke residences with concierge services and sea views.
Developer F — Projects
Project Xi · Vera, Tbilisi
Project Omicron · Batumi
View All Projects →
TESTIMONIALS

What our investors say.

Real experiences from foreign investors who trusted Gaffarelli Estate.

★★★★★
"Matteo handled everything remotely. I signed the deal from Milan — the whole process took less than 3 weeks. Exceptional service."
LR
Lorenzo R.
🇮🇹 Milan, Italy · Investor
★★★★★
"The best investment decision I made in 2024. 8.4% rental yield in the first year. I was skeptical about Georgia — not anymore."
AS
Alexei S.
🇷🇺 Moscow, Russia · Investor
★★★★★
"Professional, transparent, and genuinely helpful. Unlike other agencies, there were no hidden costs and no pressure whatsoever."
MK
Marcus K.
🇩🇪 Berlin, Germany · Investor
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
Message sent!
Matteo will contact you within 24 hours.
Ready to invest in Georgia?
Tell us your budget. We handle everything else.