Rental yield in Tbilisi: how much does an apartment earn in 2026?
Long-term or short-term, studio or two-bedroom: the real rental-yield figures in Tbilisi, with a worked example.
Rental yield is one of the main reasons to invest in Tbilisi. Here are the figures to know and how to read them.
Average yields in Tbilisi
- 8.5% gross on average for long-term lets (Galt & Taggart, 2026), with average rent of about $10 per m² per month.
- Around 8% for studios, the best-performing format, and around 7.4% for one-bedroom apartments (Global Property Guide, 2026).
- By comparison, average yields are around 4–5% in France.
Long-term or short-term?
Long-term: stable income, little management, tenants who are expats, students and young professionals. The simplest option when investing remotely.
Short-term (Airbnb, Booking): higher potential, 10–15% gross for a well-located, well-managed property. But results vary widely: the market average is modest, and location, décor, photos and management make the difference.
Worked example
A 38 m² studio bought at about $1,800/m² at pre-sale, i.e. $68,400:
- long-term, furnished, at $500/month: $6,000/year, about 8.8% gross;
- short-term, at $55/night with 60% occupancy: about $12,000 gross per year, about 11% net after a 25% management fee and $1,500 in costs.
Indicative assumptions, excluding finishing and furnishing.
From gross to net
To move from gross to net yield, allow for:
- Georgia's 5% tax on rental income (registered individual landlord);
- management fees (15–25% for short-term lets);
- building charges, maintenance and vacancy.
How to maximise your yield
- Favour studios and one-bedroom units, which are in highest demand.
- Choose a location close to the metro, offices or the centre.
- Invest in furniture and photos: they make a property let quickly and well.
- Hand management to a local team.
Sources: Galt & Taggart, Global Property Guide, AirROI, tbilisi-property.com. Yields are not guaranteed.
