{"id":13450,"date":"2026-08-30T11:00:00","date_gmt":"2026-08-30T11:00:00","guid":{"rendered":"https:\/\/theaddress.ge\/?p=13450"},"modified":"2026-08-29T13:01:18","modified_gmt":"2026-08-29T13:01:18","slug":"will-rents-increase-or-decrease-in-the-next-2-3-years","status":"publish","type":"post","link":"https:\/\/theaddress.ge\/ru\/will-rents-increase-or-decrease-in-the-next-2-3-years\/","title":{"rendered":"Will Rents Increase or Decrease in the Next 2\u20133 Years?"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">Every homeowner planning ahead wants a clear forecast. The honest, evidence-based answer for Tbilisi over 2026\u20132028 is: modest, steady increases are the most likely path, but not a return to the sharp spikes of 2022\u20132023.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-29ac4dca90a83b6b93dbb6242d72cb58\"><a>What the data shows right now<\/a><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Rents have already largely stabilized. Galt &amp; Taggart\u2019s monitoring shows average rent for a standard 50\u201360 sqm apartment holding in a tight $9.8\u201310.1 per sqm range from 2024 through early 2026 \u2014 a period of genuine plateau after the extraordinary 2022\u20132023 surge driven by regional migration. Geostat\u2019s consumer price index data confirms this from another angle: the housing rental component grew only about 1.9% year-on-year as of March 2026, notably below the 4.3% growth in the overall consumer price index. Rent, in other words, is currently rising slower than the general cost of living.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-280033d87de55eebe05e506b023b6940\"><a>Why a modest upward drift is the more likely path<\/a><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Sales-side price growth is expected to continue, if slowly.<\/strong> TBC Capital forecasts around 3.2% average property price growth for Tbilisi in 2026, and Galt &amp; Taggart expects demand to stay broadly in line with 2025, with single-digit price growth continuing. Rents typically follow sale prices with a lag, so continued (if modest) price appreciation tends to eventually pull rents up as well.<\/li>\n\n\n\n<li><strong>Economic fundamentals remain solid.<\/strong> Georgia posted GDP growth of 7.5% in 2025, among the strongest in the region, with growth expected to moderate to a still-healthy 5\u20135.5% in 2026 according to ADB and World Bank projections. Fitch and S&amp;P both affirmed Georgia\u2019s sovereign credit rating with a stable outlook in late 2025 and early 2026, reinforcing a broadly positive macro backdrop.<\/li>\n\n\n\n<li><strong>Structural demand drivers persist.<\/strong> Urbanization, declining average household size, and Tbilisi\u2019s concentration of the country\u2019s economic activity all continue to support underlying housing demand over a multi-year horizon.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-fdcbf76f4c28285e279770790e8a0b53\"><a>Why a sharp jump is unlikely<\/a><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Elevated construction pipeline.<\/strong> Permit issuance, while down slightly year-on-year in 2025, remained roughly 32% above the 2015\u20132022 \u201chealthy\u201d average, according to Galt &amp; Taggart meaning meaningful new supply keeps entering the market and competing for tenants, which naturally caps how fast rents can rise.<\/li>\n\n\n\n<li><strong>High pre-sale rates via installment plans.<\/strong> With 94\u201398% of units in recently completed projects already sold \u2014 largely through developer financing a portion of what would otherwise be rental demand is being absorbed into ownership instead, tempering pressure on rents.<\/li>\n\n\n\n<li><strong>No repeat of the 2022 migration shock expected.<\/strong> The extraordinary demand surge of 2022\u20132023 was driven by a specific, large-scale geopolitical event; barring a similar shock, rent growth is far more likely to track normal economic and demographic trends than repeat that spike.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-4149674c3a247e9c58630549c7f54137\"><a>The takeaway<\/a><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Plan for gradual, single-digit rent growth over the next two to three years rather than a dramatic move in either direction. It\u2019s a healthy, sustainable trajectory for owners steady enough to support long-term planning, without the volatility that made 2022\u20132023 so hard to forecast around.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Data referenced: Galt &amp; Taggart rent and construction permit data (2025\u20132026); Geostat CPI housing component; TBC Capital 2026 price forecast; ADB\/World Bank GDP projections; Fitch and S&amp;P sovereign rating actions (Nov 2025, Feb 2026).<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every homeowner planning ahead wants a clear forecast. The honest, evidence-based answer for Tbilisi over 2026\u20132028 is: modest, steady increases are the most likely path, but not a return to the sharp spikes of 2022\u20132023. What the data shows right now Rents have already largely stabilized. Galt &amp; Taggart\u2019s monitoring shows average rent for a [&hellip;]<\/p>\n","protected":false},"author":73,"featured_media":13451,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-13450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/theaddress.ge\/ru\/wp-json\/wp\/v2\/posts\/13450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theaddress.ge\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theaddress.ge\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theaddress.ge\/ru\/wp-json\/wp\/v2\/users\/73"}],"replies":[{"embeddable":true,"href":"https:\/\/theaddress.ge\/ru\/wp-json\/wp\/v2\/comments?post=13450"}],"version-history":[{"count":1,"href":"https:\/\/theaddress.ge\/ru\/wp-json\/wp\/v2\/posts\/13450\/revisions"}],"predecessor-version":[{"id":13452,"href":"https:\/\/theaddress.ge\/ru\/wp-json\/wp\/v2\/posts\/13450\/revisions\/13452"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theaddress.ge\/ru\/wp-json\/wp\/v2\/media\/13451"}],"wp:attachment":[{"href":"https:\/\/theaddress.ge\/ru\/wp-json\/wp\/v2\/media?parent=13450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theaddress.ge\/ru\/wp-json\/wp\/v2\/categories?post=13450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theaddress.ge\/ru\/wp-json\/wp\/v2\/tags?post=13450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}