Tbilisi is the capital of the Republic of Georgia, a state of 4 million people, located between Russia and Turkey. Georgia is a discreet country and its reputation is rather local at the moment but also a liberal country, open to the world where the legislation is favorable to foreign investments. As proof, the World Bank ranks it 9th out of 190 countries in their annual index of ease of doing business. It is also ranked 13th out of 180 countries in the index of economic freedom. Georgia is one of the greatest successes of the former USSR. After the institutional reform of the early 1990s, a newly democratic Georgia began to open up to foreign investors. The economy has jumped since then. Over the last 20 years, the Georgian economy has proven itself impervious to crises in the rest of the world. Nicknamed the "Little Pearl of the Caucasus", Tbilisi is a mix of modernity and tradition. Founded more than 1,500 years ago, it has 1.5 million inhabitants and has architectural landmarks, some with a traditional Georgian style, others with a history of the Soviet past and clearly future-oriented achievements. . Large multinational companies such as McDonald's and Carrefour are moving to Tbilisi. Luxury shopping centers are opening their doors, the airport is expanding and entire areas of the city are being renovated. These developments are very positive not only for the Tbilisi real estate market, but also for the economy of Georgia as a whole. In most cases, the capital is of particular importance because it includes the embassies, business, what other cities do not have. The real estate market in Tbilisi is characterized by stronger demand that drives up prices. Yet they are still very attractive. Very few capitals in the world have average prices of less than € 1,000 per square meter like Tbilissi except for cities located in very unstable and less developed countries. Rental yields in Tbilisi are also attractive, ranging from 5% to 6%. Making an investment in Tbilisi pending long-term price appreciation is certainly a good bet.
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