The RUSTAVELI PROPERTIES indices on Georgian real estate
12 proprietary indices published quarterly to objectively read the Georgian real-estate market: prices, yields, risk, appeal. Formulas and sources documented on every page.
Price indices
Tracking price evolution by segment and area.
Batumi Seafront Index — RUSTAVELI PROPERTIES
Proprietary index tracking the price per m² of new-build inventory on Batumi's seafront (Boulevard, New Boulevard, Gonio seafront).
Tbilisi Prime Index — premium districts of the capital
Index of premium Tbilisi districts (Vake, Saburtalo, Vera, Old Tbilisi), the go-to reference for long-term investors.
Gudauri Ski Index — mountain resort
Index of prices and attractiveness for Gudauri, Georgia's leading ski resort (2,200 m).
Georgia Construction Cost Index — construction cost
Tracks residential construction cost in Georgia: materials, labour, energy. Acts as a floor for new-build sale prices.
Yield indices
Airbnb and long-term rental yields by city.
Batumi Airbnb Yield Index — short-term rental yield
Annualised gross Airbnb yield in Batumi, avg ADR × occupancy × 365 ÷ turn-key new-build purchase price.
Tbilisi Long-Term Yield Index — long-term rental yield
Annualised gross long-term yield in Tbilisi, median monthly rent × 12 ÷ turn-key new-build purchase price.
Risk indices
Macroeconomic risk and exit liquidity.
Georgia Macro Risk Index — macroeconomic risk
Composite macro-risk score for a real-estate investor: inflation, policy rate, public debt, sovereign rating, GEL/USD volatility.
Georgia Liquidity Index — resale time
Average number of days between listing and closing for a Georgian residential asset. The lower, the more liquid the market.
Attractiveness indices
Tourism demand, foreign buyers, affordability, overall composite.
Georgia Affordability Index — housing affordability
Ratio between national price per m² and median monthly wage. A lower index means more affordable housing.
Georgia Foreign Buyer Index — foreign demand pressure
Measures the share of real-estate transactions involving a non-resident buyer, a leading indicator of international appeal.
Batumi Tourism Momentum Index — tourism momentum
Leading indicator for seaside real estate: arrivals, hotel occupancy, airport traffic and RevPAR consolidated.
Rustaveli Composite Index — Georgia's overall attractiveness
RUSTAVELI PROPERTIES parent index: a synthesis of every sub-index to give a single view of Georgian real-estate appeal.