Under construction
$3,062per m²Tbilisi, Georgia
VR Krtsanisi Resort Residence by VR Holding, photo 1Price from
$129,720US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.$3,112 per m²
pricier than 100% of city projects: +97%Data verified Aug 8, 2026 · price source: developer partner network · updated 2 mo. ago
- Properties
- Condominium
- Area
- 38 - 222 m²
- Bedrooms
- 1 - 4
- Readiness
- Under construction
- Dry season
- Feb, Dec, Jan
- First instalment
- 30%
Price
Is this expensive for the city
$3,112 per m², Tbilisi median $1,583
Median $1,583This project $3,112
$1,027$3,112
+97% vs the city median (Tbilisi), sample of 17 projects. pricier than 100% of city projects.
Rate as of 2026-10-14, city data updated 2026-10-14. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue. The scale is logarithmic.
The cost of this project
A breakdown of this project for your budget and goals
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What it really costs
Payment plan
- 30%Step 1 · On contract$38,916
- 70%Step 2 · Before commissioning$90,804
- Total
- 100% · $129,720
The developer may revise the payment schedule. Confirm the current terms before the deal.
ROI Calculator
$64,860$1,800,000
$100$1,950
A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.
40%100%
0%20%
- Monthly income
- $396
- Annual income
- $4,746
- Gross yield
- 5.3%
- Net yield
- 3.7%
- Value in 5 years
- $173,595
- 5-year ROI
- 52%
See calculation details
- Gross annual rent
- $6,840
- Common area fee
- -$810
- Tax (10%)
- -$684
- Agent commission
- -$600
- Net annual income
- $4,746
Read moreCollapse
Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.
When is the season here
Driest months: Feb, Dec, Jan Wettest months: May, Apr, Jun Dry months per year: 5. A month counts as dry when its rainfall is below the annual median of monthly rainfall.
Rainfall, mm per monthTemperature, °C
Show monthly table
| Month | Temperature, °C | Rainfall, mm |
|---|---|---|
| Jan | 1.0 | 18 |
| Feb | 2.6 | 17 |
| Mar | 7.2 | 28 |
| Apr | 11.7 | 49 |
| May | 17.6 | 58 |
| Jun | 22.8 | 49 |
| Jul | 26.0 | 27 |
| Aug | 25.6 | 27 |
| Sep | 20.4 | 25 |
| Oct | 14.0 | 38 |
| Nov | 7.1 | 25 |
| Dec | 2.2 | 17 |
Source: NASA POWER, climate normal (2001-2020). Grid node 41.7, 44.8. This is a multi-year normal, not a weather forecast.
About the project
- Properties
- Condominium
- Status
- Under construction
- Area
- 38 - 222 m²
Description
VR Holding is building VR Krtsanisi Resort Residence in Tbilisi, Tbilisi Municipality, Georgia. The project is under construction.
Units for sale range from 38 to 222 square meters, with 1 to 4 bedrooms. Prices start at 129,720 USD and go up to 1,500,000 USD, with a price per square meter from 3,112 USD.
The area range spans compact layouts from 38 square meters up to larger formats of 222 square meters, matching the wide spread between the lowest and highest listed prices. This spread means buyers can choose between a range of sizes and configurations within the same development in Tbilisi.
This description was prepared with the help of artificial intelligence from developer data and public sources. Please check key figures and terms with our adviser.
Price in your currency
Rate: 1 USD = 1 USD≈ $129,720Rate as of 2026-10-14
Denominated in USD - a natural hedge against a weakening USD.
Sources: exchangerate-api.com
Location
Tbilisi, Georgia
Market context
Apartment price growth11.5%
Villa price growth12.3%
Transaction volume40,350units, ↑ +1.1% YoY
Gross rental yield8.6%
Average rent$9.5per sqm per mont
Price per sqm$1,320per sqm, ↑ +7.1% YoY
Residential prices in Tbilisi continued to rise in 2025, with the average price per square metre in new buildings up 11.5% year‑on‑year to 3,236 GEL (≈$1,330) and overall price levels 57% higher than in 2020. Rental demand remained solid, supporting gross yields of about 8.6% and average rents of $9.5 per square metre per month, while transaction volume grew modestly to 40,350 apartments, of which foreign buyers accounted for roughly 6‑7% of deals. The combination of strong domestic demand, ongoing infrastructure projects and a liberal legal framework keeps Tbilisi attractive to foreign investors.
Sources (6) · updated 21/08/2026
- Tbilisi Residential Real Estate Market in 2025 | Blog Centrarium ↗
- Real Estate Prices in Tbilisi in 2025 - Market Overview and Forecasts ↗
- Residential Property Prices in Tbilisi and Batumi: Market Analysis 2024-2025 ↗
- Tbilisi Real Estate Market Analysis: What You Should Know Before Buying - Archi.ge ↗
- Investing in Apartments in Tbilisi - Real Rental Income in 2025 ↗
- How Rental Property Works in Tbilisi for Investors - Yield, Risks & Best Rental Strategies ↗
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