Back in 2022, I had the idea of creating a Tbilisi Airbnb property management service. I created a few articles on my blog and got some attention from the expats living in Georgia, but haven't yet concluded any deal.
Recently I got contacted by a French investor and we agreed to share a cup of coffee to talk about a potential partnership I decided to take another look at the Tbilisi Airbnb property market.
According to AllTheRooms, the average daily rate in October 2023, for hosts earned in Tbilisi was $46, which is a -4% decrease if compared to the previous month (September 2023). but a15% growth if compared to May 2022, when I did my first overview of the Tbilisi Airbnb market.
The occupancy rate in October was 49% (a +2% increase compared to the previous month)
- There were 4,402 listings in Tbilisi during the month of October (which is significantly less than in May 2022, when the total listing were more than 6,000)
- The average earning per listing is $582 (-2% growth). a significant increse if comapred to May 2022, when it was about $339
Taking all those data together, it seems that the Tbilisi Airbnb property market in the month of October was worth about $2,98M (significant increase if compared to May 2022, when the total market value was about 2.16M).
Whether you are an expat looking for someone that does Airbnb management in Tbilisi? Someone that can take care of your apartment and rent it out when you are out of town. Or local looking to get maximum return from short-term rentals. We are here to help.
I'm open to helping manage your property, listing it on Airbnb, Booking.com, and other travel booking websites. Helping with quality photography, copywriting, setting the right price to get the best results, and last but not least taking care of maintenance and cleaning. We will take 20% of the Gross income.
If you have an apartment you are ready to rent out for the long term (at least 1 year) - we are interested in renting it for a fixed price and subletting for short-term rentals. You will get a fixed monthly payment - no matter, will we make any booking or not. We are interested in newly finished projects in Vake, Saburtalo.
We are also open to buying your real estate in Tbilisi or any other part of Georgia.
Interested? Send me a message and lets discuss!