Pledged Apartments in Tbilisi — What to Know in 2026

"Apartment pledged" in Tbilisi — a search query that interests thousands of people every month. Pledging is a distinctive instrument of the Georgian market: the owner temporarily cedes the right of use and receives a large sum in return — far cheaper for the tenant than renting, and more flexible for the owner than a bank loan.

How pledging works

The scheme is simple: the parties sign a pledge agreement before a notary, with the amount and term fixed in writing. The tenant pays a symbolic monthly amount (often just the utilities) and lives in the apartment, while the owner receives a single large sum — usually 30-60% of the apartment's market price. At the end of the term the amount is returned to the tenant in full.

What amounts are involved in Tbilisi

The pledge of a one-room apartment in Saburtalo and Gldani ranges from 15,000 to 30,000 dollars; a two-room one — from 25,000 to 50,000 in Vake and Mtatsminda. The term is usually 1 to 3 years. The more central the district, the higher the pledge amount — the same logic as in buying and selling.

Risks and how to protect yourself

The main risk for the tenant: the owner cannot return the amount at the end of the term. There are three protections: an agreement only in notarial form, checking the ownership extract in the Public Registry (is the apartment encumbered?), and transferring the amount through a bank, with a receipt. On sivrce, pledged-apartment listings go through the same verification as apartments for sale — the owner's identity and the authenticity of the photos are checked before publication.