Georgia’s Q2 FDI fell 23.2%, but real estate still attracted $119.9m

The National Statistics Office of Georgia (Geostat) reported preliminary foreign direct investment of $468.8 million in Q2 2026, down 23.2% from the adjusted figure for Q2 2025. The office attributes the fall mainly to lower reinvested earnings. Equity capital reached $210.5 million, or 44.9% of the quarterly total, while reinvestment was $300.5 million, or 64.1%.

Real estate attracted $119.9 million, equal to 25.6% of total FDI and the second-largest sector after finance and insurance, which received $207.6 million. Manufacturing ranked third at $59.0 million. The three leading sectors together accounted for 82.4% of inflows. BM.ge, reporting the same preliminary Geostat table, also noted that China supplied $219.5 million, the United Kingdom $123.5 million and the United Arab Emirates $47.7 million. Those three countries represented 83.3% of total FDI.

For property decisions, the mix matters more than the headline. A large real-estate share shows that foreign capital is still reaching the sector, but the quarterly decline and concentration by sector and origin increase the need for project-level checks. Buyers and developers should compare transaction evidence, financing terms, construction progress and local rental demand before treating this flow as a market or return signal.