In Apr-26, price for renting an average (50-60 sq.m) apartment in Tbilisi was at US$ 10.0 per sq.m (+0.4% m/m), keeping rental yield high at 8.5%.
Galt & Taggart's April monthly real estate market review reports an average rental yield of 8.5% in Tbilisi.
Tbilisi ranks 3rd regionally for real estate rental yield in the region.
Annual rental income yields by city are as follows:
1. Ankara – 9.6%
2. Astana – 8.8%
3. Tbilisi – 8.5%
4. Tashkent – 8.1%
5. Yerevan – 6.9%
6. Baku / Chisinau – 5.3%
7. Riga – 4.3%
8. Bucharest / Sofia – 4.2%
9. Vilnius – 3.9%
10. Tallinn – 3.6%