In the third quarter of 2024 (3Q24), the real estate sector emerged as one of the leading recipients of foreign direct investment (FDI) within the Georgian economy. According to preliminary data from Geostat, USD 22.9 million of the total USD 197.7 million in FDI recorded from July to September 2024 was allocated to real estate, placing it fourth among economic sectors in terms of investment volume.

Geostat's data indicate an annual decrease in FDI directed toward the real estate sector during the third quarter of 2024. However, over the first nine months of the year, investments in this sector showed an increase compared to the same period in the previous year, rising from USD 82.4 million in 2023 to USD 89.4 million in 2024.

In 3Q24, the United States accounted for the largest share of direct investment in the Georgian real estate sector. The top 10 investor countries during this period were as follows:

• United States: USD 8.3 million
• Israel: USD 5.8 million
• Russia: USD 4 million
• Turkey: USD 1.9 million
• Netherlands: USD 1.9 million
• Ukraine: USD 1.9 million
• Azerbaijan: USD 1.3 million
• Norway: [data unavailable]
• Germany: USD 1.1 million
• Bulgaria: USD 875,000