Georgia's market for the construction of residential and non-residential buildings reached a volume of GEL 3,521,049,167 in 2025. This is according to a publication by the Georgian Competition and Consumer Agency GCCA. A total of 286 corporate groups operated in this market.
The figures provide an additional basis for understanding Georgia's property industry: they describe the companies behind construction activity, adding to the perspective on apartments, locations and individual new developments.
A broad market for construction services
For the building construction market examined, the GCCA reports a concentration index, or HHI, of 938.85. The agency describes this concentration as moderate. The figures cover both residential and non-residential buildings, so the market volume extends beyond housing construction alone.
The 286 corporate groups therefore do not represent a list of residential developers. The reported volume also describes construction services and cannot be equated with the total value of properties sold. This distinction helps put the findings into context: the study sheds light on the economic structure of the supply of construction services.
Building construction and energy in context
The GCCA published these specific figures as part of its review of an equity acquisition in the energy sector. Alongside building construction, it also examined the construction of hydropower plants. This market reached a volume of GEL 596,476,037 in 2025, with an HHI of 525.8, which the agency classifies as low concentration.
In our view, both areas form part of the broader picture of location development. Residential and commercial buildings create space for daily life and economic activity. Energy infrastructure provides another important foundation for the country's development.
What does this mean for buyers and investors?
For property buyers, the study above all highlights the importance of looking at the companies involved. Anyone comparing projects in Tbilisi, Batumi or coastal towns should distinguish between the seller, the project developer and the company carrying out the construction. Their responsibilities and experience shape how a project is delivered.
We see the greatest value of the official data in a better-informed view of the market. For an individual property, completed reference projects, verifiable construction progress, specifications and the quality of the location remain the key points of comparison. This connects Georgia's economic prospects with a concrete purchase decision.
Our conclusion
Georgia's construction industry rests on a broad base of companies. The GCCA figures make this structure visible and bring greater transparency to an economic sector that matters to Georgia as a property location.
We see this as a sound basis for further development: competition, capable construction companies and improvements in the quality of the built environment can strengthen Georgia's appeal over the long term. This offers development potential for property, particularly where good construction quality and strong infrastructure come together.
