From the point of view of real estate, Tbilisi is the most sought-after city throughout Georgia. Every year, the number of constructions increases, new settlements, neighborhoods, residential complexes appear. Accordingly, the purchase of an apartment for investment becomes more relevant.

According to the data of August 2022, the rental demand increased sharply and reached an unprecedented level - it exceeded the indicator of the previous month by 7.9%. According to annual data, the increase amounted to +79.2%, which caused a significant increase in rent prices compared to last year, which exceeded 60% in all districts.

Here are the main questions that will help you make the right investment and choose the right apartment for rent:

Which area is most in demand?

A person interested in renting an apartment first focuses on the area. In the place where the transition is going to be for a certain period of time. Everyone has different requirements depending on their interests, some prefer to move to the city center, while others prefer to live in the suburbs in peace and quiet. Based on rental income, the three most sought-after neighborhoods are:

• Isani - 650 - 1900 GEL;
• Samgori - 300 - 1600 GEL;
• Varketili - 300 - 1200 GEL;
• Vazisubani - 350 - 1200 GEL;
• Gldani - 350 - 1600 GEL;
• Nadzaladevi - 400 - 1700 GEL;
• Saburtalo - 450 - 2300 GEL;
• Vake - 550 - 2500 GEL;
• Didube-Chugureti - 350 - 1400 GEL;
• Dighomi - 550 - 1500 GEL;
• Didi Dighomi - 500 - 1450 GEL.
  
  

Didi Dighomi and Isani Tbilisi belong to the outer districts, which are the most popular among large families and students due to the price. For them, the area, location and infrastructure are often more important than the square footage of the apartment and the rental price.

Which apartments for rent are in the greatest demand?

The main demand in the market today is "maximum comfort, minimum tax". Therefore, everyone has different requirements depending on their interests, but everyone wants a comfortable, clean, bright apartment with a large balcony, which will be close to the recreation area.

What criteria determine the rental value?

The location and the infrastructure in the surrounding area are the main factors that affect the value of a rental apartment, that is, something that is not so easy to buy and change. It is also important how well-equipped the yard is and whether the building has a concierge or security service, but the main criteria still remain: the presence of parking, type of renovation, furniture and equipment. The plainer and more minimalistic the interior design, the higher the cost, but this does not mean insufficient furniture or mismatched interior.

From the investment point of view, which building is more favorable, old or newly built?

In general, a newly built apartment is rented on more favorable terms, which increases the investor's profit, because in a newly built building you will not face the problems that you face in an old building. New and fast elevators are being installed here, the facade has a more beautiful and modern design, there is security and video control. However, well-renovated apartments in old buildings are also in high demand.

How to choose an apartment for daily and long-term rent?

If you want to rent an apartment daily, the main importance is the location and infrastructure. People want to have a good rest and enjoy their days here, so interior design and interior design are of great importance. It is necessary that the apartment is fully equipped with furniture and equipment, there should be a recreational space nearby. In case of long-term apartment rental, emphasis is placed on the squareness and practicality of the living space. It is important to have a normal size kitchen and living room in the apartment. If the apartment has furniture, appliances, a fully equipped kitchen with an oven, a dishwasher and other appliances, the chance of renting and the value of the apartment increases by 30%.