W2 Sanzona Tbilisi: Flat Prices and Sources Guide (2026)

  • From $91,750
Nadzaladevi (Sanzona), Tbilisi, Georgia
  • W2SZ3029
  • Property ID
  • Apartment
  • Property Type
  • 2
  • Bedrooms
  • 1
  • Bathroom
  • 73.4 - 85.4
  • sq. m.
For Sale
W2 Sanzona Tbilisi: Flat Prices and Sources Guide (2026)
Nadzaladevi (Sanzona), Tbilisi, Georgia
  • From $91,750

Description

W2 Sanzona Tbilisi is an 11-storey residential block at 50 Chargali Street in the Nadzaladevi district of Tbilisi, and on 12 November 2026 the developer’s pages list eight flats for sale in it, all of one type: two bedrooms, 73.4 to 85.4 m², at USD 1,250 per m².

W2 Sanzona Tbilisi 11-storey block, aerial render on Chargali Street

This guide to W2 Sanzona Tbilisi reads the pages of Tetri Kvadrati (brand w2, named White Square on its Terms page) as they stood on 12 November 2026 and sets beside them what Korter, Galt & Taggart, Wikipedia and Georgian official sources print. Four of the eight flats are marked available and four reserved. The pages publish no finish description, no construction progress and no instalment terms.

Where sources differ, each figure is given with its source and date, and the guide does not choose between them. It adds background on the district and its metro access, the Georgian rules on buying, registration, tax and residence, and a list of what a buyer can ask for in writing.

Overview of W2 Sanzona Tbilisi

The developer’s project page describes Sanzona as a modern residential development on Chargali Street in the Nadzaladevi district, with an 11-storey building of 103 residential apartments and a one-level parking area. It gives the address in Georgian as Tbilisi, Nadzaladevi district, Chargali Street 50, and a map link whose coordinates are 41.7688 N, 44.7979 E. Completion is stated as December 2028. These are the developer’s own words, read on 12 November 2026.

Sanzona 11-storey block, night render from street level

For a buyer the practical fact is how little of the building is still listed. The 103 flats are the whole building, and the developer’s floor selector shows floors 2 to 7 as sold out. What remains on its apartments page is eight flats on floors 1 and 8 to 11. They share one layout family, a two-bedroom flat, and one price rate, USD 1,250 per m².

The developer’s description also lists energy-efficiency, fire-safety and generator features in the future tense and names several buyer groups it has in mind. The guide records the features as statements to be confirmed in the contract (section 7) and leaves the audience positioning out. The table gives the key facts with the source of each.

W2 Sanzona Tbilisi key facts As published (w2.ge, 12 November 2026, unless stated)
Location Tbilisi, Nadzaladevi district, 50 Chargali Street; Korter prints 50а and lists the neighbourhood as Sanzona
Developer Tetri Kvadrati (brand w2); Korter names the developer White Square
Building One block, 11 floors, 103 residential apartments, one-level parking area; Korter adds monolithic-frame construction and a lift
Flats on the list 8: four marked available (nos. 1, 6, 95, 98) and four marked Reserved (nos. 69, 75, 76, 85)
Unit type Two bedrooms with a hall and balcony; the page prints “Rooms 3”; total area 73.4 to 85.4 m²
Price USD 1,250 per m² on every listed flat; flats USD 91,750 to 106,750 (available flats only: USD 91,750 to 106,500)
Price in lari About GEL 237,900 to 276,800 for the eight flats at the National Bank rate of USD 1 = GEL 2.5933 on 12 November 2026
Handover December 2028 (developer, English, Russian and Georgian texts); Korter: Q4 2028
Status Ongoing; construction progress is not published
Finish Not stated
Payment plan One public plan, “Full Payment” (100 percent advance); a custom plan on request; no instalment terms published
Contracting entity Not named on the project page

What each source prints about units, status, price and handover

Three kinds of source describe the block: the developer’s pages, the Korter listing portal and the developer’s own news item. They agree on the address, the floor count, the number of apartments and the handover quarter. They differ on the room count, on how many flats are for sale and on the smallest flat size. The table repeats each source’s words and figures and does not decide between them.

Sanzona typical floor plan, floor 1
Sanzona typical floor plan, floor 11
Item Per the developer (w2.ge, 12 November 2026) What other sources print
Developer name Page titles say Tetri Kvadrati; the Terms page, in Georgian, says the site is run by White Square (თეთრი კვადრატი), a real-estate development company Korter (prices as of 3 November 2026): developer White Square
Address Chargali Street 50, Nadzaladevi district (Georgian text) Korter: Chargali St, 50а; the developer’s news item of 20 July 2026 spells the area “Sanazona”
Floors and flats 11 floors; 103 residential apartments; one-level parking Korter: 1 building, 11 floors, 103 apartments; the news item says 11 stories and 103 apartments
Flat numbers Numbers seen on the individual flat pages run up to 102 Korter: 103 apartments
Flats for sale Card and floor selector: 8; the flat pages mark four of them Reserved Korter: “1 listing for sale”; 3-room flats 76.5 to 85.4 m² from USD 95,625
Room count Each flat page prints “Rooms 3”; the room breakdown lists two bedrooms and a hall; the bedroom filter on the apartments page reads 2 Korter: “3-room”
Smallest flat Description: “apartment sizes start from 34.3 sq.m”; the smallest flat on the list is 73.4 m² Korter: 76.5 m² is the smallest 3-room layout shown
Price USD 1,250 per m²; the apartments page filter shows $92k to $107k Korter: from USD 1,250 per m²; from USD 95,625
Handover “Completion date: December 2028” on the English, Russian and Georgian pages Korter: “next delivery in Q4 2028”
Status Card label “Ongoing”; the card data carries the field completedBlocks = 1 of 1 block, which the page does not display; no progress figure Korter: “1 house is under construction”
Cadastral number Not shown on w2.ge Korter: 01.12.07.007.002
Finish Not stated Not stated

Two of these differences have a mundane explanation that the pages themselves point to. The count of 8 available flats is the number the floor selector returns, and it includes the four flats that the flat pages mark Reserved, so the number of flats without a reservation is four. And Korter’s “3-room” and the developer’s “Rooms 3” appear to describe the same flats, since both ranges end at 85.4 m².

The remaining differences are open questions for the developer: whether any flat near the stated 34.3 m² is still unsold, why the flat numbers stop at 102, and what the card field completedBlocks means for a block whose stated completion is in December 2028. None changes the headline figures, and the guide leaves each as printed.

The eight flats on the developer’s list, with prices

The developer prints a price for every flat on its own page, and the guide reproduces them as asking prices seen on 12 November 2026. They change without notice; the Terms page says so itself. The list on the apartments page shows prices for the four available flats and the word Reserved, without a price, for the other four. The reserved flats’ prices therefore come from their individual pages, which the guide re-opened on the same day.

W2 Sanzona Tbilisi flat no. Floor Status Area, m² Price, USD USD per m² GEL at 2.5933
1 1 Available 73.4 91,750 1,250 237,935
6 1 Available 79.9 99,875 1,250 259,006
69 8 Reserved 83.9 104,875 1,250 271,972
75 9 Reserved 85.4 106,750 1,250 276,835
76 9 Reserved 76.7 95,875 1,250 248,633
85 10 Reserved 85.0 106,250 1,250 275,538
95 11 Available 85.2 106,500 1,250 276,186
98 11 Available 83.9 104,875 1,250 271,972

Every flat is priced at exactly USD 1,250 per m². The price of each is therefore the area multiplied by that rate, and the table’s totals follow from arithmetic alone: 73.4 m² gives USD 91,750 and 85.4 m² gives USD 106,750. The ladder from the cheapest to the dearest flat is a difference of 12.0 m² and USD 15,000. The list shows no price step for a higher floor; flat 98 on floor 11 and flat 69 on floor 8 are both 83.9 m² and both USD 104,875.

Price table by group (calculated from the developer’s figures) Flats seen Area, m² Price, USD USD per m² Average flat
All listed flats 8 73.4 to 85.4 (total 653.4) 91,750 to 106,750 (sum 816,750) 1,250 81.7 m²; USD 102,094
Marked available 4 73.4 to 85.2 (total 322.4) 91,750 to 106,500 (sum 403,000) 1,250 80.6 m²; USD 100,750
Marked Reserved 4 76.7 to 85.4 (total 331.0) 95,875 to 106,750 (sum 413,750) 1,250 82.8 m²; USD 103,438

These are asking prices for the unit type as listed on 12 November 2026, not transaction prices, and they depend on a finish that the developer does not describe.

Korter, on 3 November 2026, printed “from USD 95,625” for the 3-room layout of 76.5 to 85.4 m², the product of 76.5 m² and the same USD 1,250 rate. The developer’s list on 12 November has no flat of 76.5 m²; its smallest is 73.4 m². Korter’s figure is a listing-site indication, so the guide shows it beside the developer’s list and does not reconcile the two.

In lari, the developer’s page data prints the rate USD 1 = GEL 2.5933, the same rate the National Bank of Georgia published as the official rate for 12 November 2026. At that rate USD 1,250 per m² is GEL 3,241.6 per m². The contract decides which currency is fixed and whether the lari amount moves with the rate; the pages are silent on both.

Reserved status deserves a plain reading. The pages do not say who reserved a flat, for how long, or whether a reservation can lapse. A reader should treat a Reserved flat as not available today and ask the developer in writing whether any reservation is expected to release.

Floors, remaining stock and the “Rooms 3” question

The block has 11 floors, and the stock left is not spread across them. The floor selector reports floors 2 to 7 as “All apartments sold”, and it reports stock on floors 1 and 8 to 11. Putting the selector beside the flat pages shows where the four available and the four reserved flats sit.

Sanzona 11-storey block, daytime render with balconies
Floor Floor selector text (12 November 2026) Available Reserved Flat numbers
1 Available: 2 apts 2 0 1, 6
2 to 7 All apartments sold 0 0 none listed
8 Available: 1 apts 0 1 69
9 Available: 2 apts 0 2 75, 76
10 Available: 1 apts 0 1 85
11 Available: 2 apts 2 0 95, 98
Total 8 4 4 8 flats

Read floor by floor, the picture is plain. Floors 8, 9 and 10 each show stock on the selector, but every flat on them carries the Reserved tag. The unreserved flats are the two on the first floor and the two on the top floor. This is a reading of the pages on one date. The developer’s counts can move within a day, and the table should be refreshed before a decision.

The flat pages carry a room breakdown, which is the closest the developer comes to a floor plan in numbers. For each flat it lists Bedroom 1, Bedroom 2, Balcony, Bathroom and, for seven of the eight, Hall. The table puts the figures side by side and adds two calculated columns: the sum of the listed parts and the gap to the printed total area.

Flat no. Bedroom 1 Bedroom 2 Balcony Bathroom Hall Sum of listed parts Printed total area Gap
1 15.2 10.5 9.9 7.0 11.1 53.7 73.4 19.7
6 14.3 12.5 2.4 4.7 8.0 41.9 79.9 38.0
69 13.7 12.9 7.0 4.2 14.2 52.0 83.9 31.9
75 10.5 15.4 21.2 7.0 11.7 65.8 85.4 19.6
76 14.1 16.1 2.6 5.0 8.4 46.2 76.7 30.5
85 12.9 14.9 13.3 5.5 9.9 56.5 85.0 28.5
95 12.9 14.9 13.3 5.5 not listed 46.6 85.2 38.6
98 13.7 12.9 7.0 4.2 14.2 52.0 83.9 31.9

The listed parts add up to less than the printed total in every flat, by 19.6 to 38.6 m². The pages do not say what the remainder consists of, and they do not say whether the printed total area includes the balcony.

The breakdown therefore cannot be used to infer the size of the living area or the kitchen; the unit plan and the contract’s area clause can. Balconies range from 2.4 m² (flat 6) to 21.2 m² (flat 75), a spread worth noting, since the price per m² is the same.

Two pairs of flats repeat the same figures. Flats 69 and 98 have identical breakdowns, and flat 95 repeats flat 85 except that it has no hall line. The developer’s pages carry typical floor plans for floors 1 and 11 among the project images. A buyer who needs a particular arrangement should ask for the plan of the exact flat number.

Then the room count. The developer’s flat pages print “Rooms 3”, while the room breakdown lists two bedrooms and a hall, and the bedroom filter on the apartments page reads 2. Korter calls the same flats 3-room. The pages never state the counting rule, but the likeliest reading, and the one the breakdown supports, is that the printed count includes the hall and that each flat has two bedrooms. The guide uses “two-bedroom” and quotes “Rooms 3” only as printed.

Finally the 34.3 m² line. The project description says apartment sizes start from 34.3 sq.m. No flat of that size appears on the list, the smallest being 73.4 m², and the pages do not say whether smaller flats exist unsold or were sold. For W2 Sanzona Tbilisi, a buyer looking for a studio or one-bedroom should ask the developer directly and not rely on that line.

Price per m² against district and city figures

A price per m² means little without a comparison, and the comparison is only as good as the like-for-like basis. The developer’s rate is an asking price for a finish it does not describe. The figures from other sources are of three different kinds: Galt & Taggart’s district averages for primary-market white-frame apartments, Korter’s “from” rates, which are minimums per project, and Korter’s district minimums for new buildings. The table lists them with their dates.

Measure Figure Source and date
This block, all eight listed flats USD 1,250 per m² w2.ge, 12 November 2026 (asking)
This block, “from” rate USD 1,250 per m² Korter, prices as of 3 November 2026
Nadzaladevi, primary-market average, white frame USD 1,213 per m²; 241 apartment sales registered in the month Galt & Taggart, January 2026 update, published 27 February 2026
Nadzaladevi, same measure, earlier edition USD 1,149 per m²; 341 apartment sales registered in the month Galt & Taggart, October 2025 update, published 5 December 2025
Tbilisi, primary-market average, white frame USD 1,385 per m² (January 2026); USD 1,352 (October 2025) Galt & Taggart, same two editions
Nadzaladevi, new buildings “from” USD 1,301 per m² Korter, new complexes near Grmagele metro, read 12 November 2026

As arithmetic only: USD 1,250 is about 3 percent above the January 2026 Nadzaladevi average of USD 1,213 and about 10 percent below the Tbilisi average of USD 1,385 in the same edition. The comparison is loose. The report’s price series is its own, and its note says that its sales statistics rest on registry data in which primary sales are registered late. The developer’s rate is a list price, and the finish behind it is unknown.

Korter’s page for the district lists 27 developments in Nadzaladevi on 12 November 2026. The next table picks eight entries from the district list and the metro list, so a reader can see the spread of listing-site “from” rates. They are indications from a portal, labelled as such, and the developers named are those the portal names.

Projects on Korter, read 12 November 2026 Address on Korter From, USD per m² Developer per Korter
White Square Sanzona Chargali St, 50а 1,250 White Square
MODX Temka Chargali St, 79l 1,200 Modx Development
Archi Guramishvili David Guramishvili Ave, 64 1,151 Archi
Archi Kikvidze Garden Zaira Kikvidze 1st Lane, 4 1,400 Archi
Parks Town Tsotne Dadiani St, 305-313 1,350 Archigrami
Roof Chkondideli Giorgi Chqondideli St, 34d 1,250 Roof Development
Monolith New Depo Vakhtang Ninua St, 3-8 1,280 Monolith Group
K3 Tower David Guramishvili Ave, 64 1,300 K3 Tower

Two cautions apply to that table. A portal’s “from” rate is usually the cheapest unit in a project, which says little about the typical flat. And a project’s finish, floor and handover date all move the rate, so a lower or higher figure is not a judgement on any project. The guide draws no conclusion from the ranking.

Location of W2 Sanzona Tbilisi: Chargali Street, Sanzona and Ghrmaghele metro

Wikipedia’s page on Nadzaladevi District describes it as an administrative district (raioni) of Tbilisi whose neighbourhoods include Nadzaladevi, Sanzona, Temka, Lotkini and Avshniani, and gives its population as 154,500 in 2017, citing a Tbilisi City Hall document. Korter files the block under Nadzaladevi, Sanzona, which matches. For scale, the National Statistics Office of Georgia puts the population of Tbilisi at 1,369.4 thousand on 1 January 2026, out of 3,941.1 thousand for the country.

Sanzona block and parking area, aerial render

The developer names the Grmagele metro station, the Tbilisi Sea and city infrastructure as “all located nearby” and prints no distance. The guide therefore computed two figures from coordinates and labelled them. From the map point on the project page to the pin of Ghrmaghele station on Wikipedia, the straight-line distance is about 0.75 km. A modelled road route from the Open Source Routing Machine is 1.6 km. Neither is a walking time or a promise of access.

Ghrmaghele (also spelled Grmagele) is an underground island-platform station on the Akhmeteli-Varketili Line, the first line of the Tbilisi metro, between Guramishvili and Didube. The line is 19.6 km long with 16 stations, opened on 11 January 1966, and connects with the Saburtalo line at Station Square. Wikipedia’s station page (28 November 1985) and line page (16 November 1985 for the segment) differ on the opening date, so the guide quotes none. The Tbilisi Transport Company publishes a journey planner and a fares page for the metro.

From the project map point (41.7688 N, 44.7979 E) to Straight line, km Road route, km Basis
Ghrmaghele metro station 0.75 1.6 Wikipedia station coordinates; computed here
Didube metro station 2.6 4.1 Wikipedia coordinates; computed here
Station Square (Line 1 and Line 2 interchange) 5.1 9.7 Wikipedia coordinates; computed here
Dinamo Arena 5.1 8.9 Wikipedia coordinates; computed here
Freedom Square 8.4 12.8 Wikipedia coordinates; computed here
Tbilisi Sea (reservoir centre point, not shore) 4.5 not computed Wikipedia coordinates; computed here
Tbilisi International Airport 17.1 28.8 Wikipedia coordinates; computed here

The table’s figures are the guide’s own calculations (haversine for straight lines; the public OSRM server for road distance, which models the road network and not traffic or public transport). The developer prints none of them. Anyone who plans around the metro should check the station route on foot, since the street layout decides the real route.

As for the Tbilisi Sea, Wikipedia describes a reservoir on the Iori Plateau in north-eastern Tbilisi, with a surface area of about 11.6 km² in a 2019 study and 11.8 km² in the Georgian Encyclopedia, used for municipal drinking-water supply, irrigation and recreation. The straight-line figure above is to the centre of the water, so the distance to a shore is shorter, and it is not a travel time. The developer’s text refers to the proximity of the Tbilisi Sea and recreational areas and gives no figure.

A name clash can mislead here. A different complex called SanZona stands on David Guramishvili Avenue 71 and 73; Korter’s page for it shows two houses completed in 2017 with developer Epic Development. It is a separate building by a different developer and has no connection with the project in this guide. Its prices and details should not be read as W2 Sanzona Tbilisi data.

What the developer’s pages do not print about the area is as relevant as what they print: no school, clinic, shop or park distances, no street-by-street access description, no noise or traffic information. The guide does not fill those gaps with unsourced claims. Tbilisi City Hall’s district pages, a site visit and the municipal planning documents are the places to check them.

Status, handover, payment terms and the developer’s construction statements

The developer calls the project Ongoing and gives the completion date as December 2028, identically in its English, Russian and Georgian texts. From 12 November 2026 that is about 25 months away. Korter’s “next delivery in Q4 2028” is consistent with it. The project page prints no construction progress percentage, no permit number, no list of construction stages and no handover mechanism (key handover act, snagging period, registration help).

The description lists several features, all phrased as future or general statements. The table records them with their wording and what a buyer would normally ask for to turn each into a contractual obligation.

Statement on the project page Wording What to ask for in writing
Generator The complex “will be equipped with” a backup generator for lifts, parking, corridors, common areas and emergency lighting The generator specification in the contract annex and the circuits it serves
Fire safety “Modern fire safety systems”, future tense The fire-safety design approval and the list of systems installed
Energy efficiency The project “fully complies with modern energy efficiency standards” with thermal and sound insulation The standard or rule meant, and the certificate or design document that shows it
Doors and windows “Energy-efficient” doors and windows The window and door specification: profile, glazing, brand
Parking A one-level parking area Whether spaces are sold separately, their number and price, and where they are registered
Lift and frame Korter: lift and monolithic-frame construction The lift count and make in the specification; the structural system in the permit documents
Location Access to major transport routes; metro, Tbilisi Sea “nearby” Nothing contractual; verify on the ground (section 6)

Payment terms are printed in a narrow form. The flat pages show a payment-plan selector with one public plan named Full Payment: 100 percent advance, 0 percent last payment, and a discount of type “Amount” with the value 150. The unit of that 150 is not stated, so the guide does not convert it. A second option, labelled Custom Plan, invites the buyer to contact the team for a plan tailored to them; its conditions are not published.

This means that no instalment schedule, no deposit percentage, no handover-linked payment and no financing partner for this block appear on the public pages. The Terms page, in Georgian, adds that prices, areas and availability may change without prior notice, that renders and plans may be illustrative, that filling in a form does not reserve a property, and that a transaction takes effect only when the relevant contract is signed. The sale terms are in the contract and not on the website.

The developer also runs the Key Card, a programme described as uniting “up to 50 partner companies” that offer discounts to residents on repair materials, furniture, appliances, education, sports and other goods. The page lists partners with percentage labels.

It does not say who is eligible, how the card is issued, how long it is valid or whether it applies to this project, so the guide does not count it as a term of purchase. If it matters to a buyer, the conditions can be requested in writing.

On banks, the Korter listing says apartments in the block can be bought with a mortgage from TBC Bank and shows a calculator. That is the portal’s statement; no bank page naming this project was found, and w2.ge names no bank for it. A BasisBank page lists a different, completed w2 project as a partner development, which says nothing about this block. Section 8 gives the National Bank’s lending limits, and section 9 lists the question to put to the developer.

Buying in Georgia: registration, taxes, residence and financing

Title to a flat passes in two steps under Article 183 of the Civil Code: a written transaction, then registration of the acquirer’s right in the Public Registry. The article does not distinguish between citizens and foreigners. The restriction on foreign ownership that Georgian law does contain concerns agricultural land, which Article 4 of the Organic Law on Agricultural Land Ownership reserves for the state, municipalities, citizens and certain Georgian entities. A flat in a residential block falls outside that category.

Sanzona block and surroundings, aerial render, second angle

For the general picture, read the pages on foreign ownership in Georgia and on the purchase process. This section stays with the rules that bear on a small off-plan purchase such as the one in this guide, and each rule is quoted from the primary text read on 12 November 2026.

A buyer who cannot attend has two routes. One is a power of attorney legalised for Georgia; the Hague Conference status table shows Georgia as a party to the Apostille Convention, in force there since 14 May 2007. The other is the registry’s smart-contract service: rights are registered online at a virtual meeting that the parties book in advance. The developer’s preferred route belongs in the written answers.

Registration has a price list. The registry’s fee schedule charges GEL 150 for registering a change of right or an obligation tied to an ownership right in four working days, GEL 270 in one working day and GEL 350 on the day of filing. At the rate of GEL 2.5933 per USD, those are roughly USD 58, 104 and 135. Speed sets the fee; the flat’s price does not. A registry extract is GEL 20 in one working day, GEL 13 online, plus GEL 26 for an English version.

Step for an off-plan flat Who Time or fee Source
Get the flat number, price, area basis and draft contract Buyer, developer Not published on w2.ge w2.ge project page
Order a registry extract on the plot or building Buyer, lawyer, NAPR GEL 20 in 1 working day; GEL 13 online; GEL 26 extra in English NAPR information fees
Check cadastral data against the extract Buyer, lawyer Korter prints 01.12.07.007.002; not checked against the registry here Korter
Sign the written contract Buyer, developer Terms in the contract Civil Code, Art. 183
Pay under the contract’s schedule Buyer Schedule not published Payment-plan selector on the flat pages
Register the right or obligation Buyer, NAPR GEL 150, 270 or 350 by speed NAPR fee schedule
Sign remotely, if needed Buyer, NAPR Apostilled power of attorney, or a booked virtual meeting NAPR smart contract

Taxes come next. A change took effect on 30 September 2026: the English Tax Code on matsne.gov.ge now lists Law No. 1874 of that day among its amendments. Under Article 202(5) a natural person’s taxable property other than land bears a rate between 0.8 and 1 percent of its market value at the end of the previous year. Under Article 206(1)(a) it is exempt where the family’s income in the previous year did not exceed GEL 100,000.

The EY Georgia brief for July to September 2026 gives the earlier exemption threshold as GEL 40,000, which is why guides written before the change show an older band. Article 201(1)(c.a) reaches real estate owned by a natural person, including an unfinished construction. Whether an off-plan buyer counts as owner before registration depends on the contract and the registry record.

Individuals file by 1 November and pay by 15 November (Article 205). The Revenue Service has a 2026 calculator for individuals, and the guide to property tax in Georgia walks through the filing.

Other rules are stated here only as rules: residential rent that an individual receives without deductions is taxed at 5 percent (Article 81), the general personal rate is 20 percent, and the surplus from selling a residential apartment is taxed at 5 percent unless the owner held it for over two years (Articles 81 and 82(1)(f.a)). VAT is 18 percent (Article 166); the contract should say whether the price carries it.

On residence, the Public Service Development Agency describes a short-term permit for an alien who holds title to immovable property, other than agricultural land, with a market value exceeding USD 150,000 equivalent in lari, set by an accredited assessor. Article 15(j) of the Law on the Legal Status of Aliens and Stateless Persons states the same test. The agency also describes an investment permit for property exceeding USD 300,000. The assessed value is what counts, not the contract price.

Set against the printed prices, the arithmetic is short. All eight flats are priced below USD 150,000; the highest is USD 106,750. At USD 1,250 per m² a flat would need 120 m² to reach that figure, and the largest listed flat has 85.4 m². Whether an assessed value, or a combination of properties, would meet the rule is for the agency and an accredited assessor to answer. The guide to residence permits in Georgia covers the application.

Financing is the last piece. The National Bank of Georgia’s PTI and LTV page caps loan-to-value at 90 percent for lari loans and 70 percent for foreign-currency loans. Payment-to-income caps depend on monthly net income: below GEL 1,500 they are 25 percent (lari) and 20 percent (foreign currency); from GEL 1,500 they are 50 and 30 percent. Each bank sets its own conditions for non-residents; the guide to mortgages for foreigners explains what to expect.

Item Rule Source
Property tax, individual 0.8 to 1 percent of year-end market value; none where the previous year’s family income was GEL 100,000 or less; return by 1 November, payment by 15 November Tax Code arts. 202(5), 205, 206(1)(a)
Residential rent received by an individual 5 percent with no deductions; otherwise the 20 percent general rate Tax Code art. 81
Selling a flat Surplus at 5 percent; no tax on the surplus after more than two years of ownership Tax Code arts. 81, 82(1)(f.a)
VAT 18 percent; the contract states whether the price includes it Tax Code art. 166
Short-term residence permit Property other than agricultural land with market value exceeding USD 150,000 equivalent in lari, set by an accredited assessor SDA; Aliens Law
Mortgage limits Loan-to-value 90 percent (lari), 70 percent (foreign currency); payment-to-income by income band NBG
Exchange rate used USD 1 = GEL 2.5933, official rate for 12 November 2026 NBG official rate

What to ask for in writing before reserving

The pages for W2 Sanzona Tbilisi leave several points open. Each item below turns one gap into a document or an answer that can be requested before any payment. A few fit the reservation form; most belong in the sale contract. For anything that concerns a single flat, the flat number is the anchor.

  1. A dated price list by flat number, floor and area, stating the finish that each price covers.
  2. The handover date as a contract term, the act that marks handover, and the remedy the contract gives if the date is missed.
  3. The full legal name and registration details of the contracting entity, and of the owner of the land.
  4. The construction permit, the design documents and the cadastral code, with a Public Registry extract that shows owner, encumbrances and registered obligations.
  5. The payment schedule, the account or escrow that takes each payment, and the rule for refunding a reservation deposit.
  6. The definition of the delivery state, black frame or white frame, with the list of items included in the flat: walls, screed, plaster, windows, doors, utilities, balcony finish.
  7. Any instalment plan for this block: its schedule and its effective cost against the cash price.
  8. The meaning of the Full Payment discount of 150: currency, per flat or per m², and the resulting price.
  9. What Reserved means on the four flats so tagged, how long such a reservation lasts and what follows when it lapses.
  10. The area basis in the contract: whether the printed total includes the balcony, and the measured area of the flat after completion.
  11. The plan of the exact flat number, and the contract’s tolerance between planned and built area.
  12. Whether any flat near the 34.3 m² the description mentions is still unsold.
  13. Key Card conditions, if they matter: eligibility, validity period, and coverage of this block.
  14. The banks that finance flats in this block, with their written conditions and down-payment rule.
  15. Parking: the number of spaces, whether they are sold, their price and how they are registered.
  16. The service-charge schedule, who manages the building, and the maintenance terms for the generator and lifts.
  17. Whether the quoted price carries VAT and registration costs, and what a power of attorney would add.
  18. For a remote buyer: whether the developer takes an apostilled power of attorney, the registry’s virtual meeting, or both.

Such questions are ordinary for any off-plan purchase and say nothing about this project in particular. Answers kept in writing with the reservation papers let a buyer set this block beside others on the same footing.

How W2 Sanzona Tbilisi sits among the other w2 projects

Of the eleven ongoing projects on the developer’s projects page, ten show flats available: nine in Tbilisi and one in Kutaisi. The table shows the card data for each on 12 November 2026: the flats the card counts as available and the “from” price per m². The card does not say which unit type or finish the “from” price refers to.

Sanzona block, street-level daytime render

The Sanzona card counts its reserved flats among the available ones; the guide has not checked that for the others. The comparison ranks nothing.

Project Address on the w2.ge card Flats counted available Card “from”, USD per m²
W2 Mindeli Tbilisi Saburtalo, Dzotsi street 2 92 950
W2 Isani Park Tbilisi Isani, Hospital Turn N5 / 7 Vladimer Lobzhanidze Street 612 1,225
W2 Urban East Tbilisi Tbilisi, 63 Kakheti Highway 214 1,110
W2 Filigreen 2 Tbilisi Saburtalo, Giorgi Danelia st. 61 6 1,350
W2 Jikia Tbilisi Saburtalo, Politkovskaya str. 12 7 1,450
W2 Varketili VI Tbilisi 38A Shuamta St., Varketili 8 1,180
Sanzona (this guide) Nadzaladevi, Chargali St. 50 8 1,250
W2 Varketili V Tbilisi Varketili, III Microdistrict, Block X, Building 9 10 1,200
W2 Varketili IV Tbilisi Varketili III Microdistrict, Shuamta Street 40 5 1,200
W2 Kutaisi Georgia Kutaisi, Lado Asatiani Street 96 17 700

Sanzona and the Varketili projects share a feature: the developer’s news item of 20 July 2026 presents the Chargali Street project and the Shuamta Street project in Varketili together as two new residential projects. The two sites are far apart: Sanzona is near Ghrmaghele station on the northern part of the first metro line, and Varketili is that line’s terminus.

Beyond w2, the same district has projects by other developers on this site. Archi Guramishvili Tbilisi is in the Sanzona area on Guramishvili Avenue, which its page places near the same metro station, and the Archi pages print no price. Archi Dighomi 3 Tbilisi is in Didi Dighomi and Archi Akhmeteli Tbilisi in Gldani. Mira Verde Tbilisi is in Tbilisi Hills and prices in dirhams. For the wider city see the guide to Tbilisi real estate prices, the Tbilisi page and the Georgia page.

Tetri Kvadrati (developer)

Everything in this section is the developer’s own statement, read on 12 November 2026 on w2.ge. The About page says Tetri Kvadrati is part of BK Holding, an ecosystem that combines the construction company BK Construction and the construction college Construct2. It says BK Construction has been creating projects in Georgia for over 30 years, with a portfolio of residential complexes, international-brand hotels and multifunctional buildings.

According to the same page, the company was established to create new neighbourhood concepts, and it brings together projects in Tbilisi and Kutaisi. The page names a chief executive officer and a managing partner. The home page shows counters of 11 ongoing projects, 6 completed projects and 2,500+ completed apartments, and the text “5+ years” with the phrase “since 2021”. These are the company’s figures, and the guide has not audited them. Press and bank pages count projects differently, depending on the date.

The Terms page, in Georgian, says the website w2.ge is operated by White Square (თეთრი კვადრატი), a real-estate development company. The contact page lists a head office and sales offices in Tbilisi and Kutaisi. The project page for Sanzona does not name the contracting entity or the building contractor, and the guide leaves them out; section 9 lists them as items to request.

Frequently asked questions

What is W2 Sanzona Tbilisi?

It is an 11-storey residential block of 103 apartments with a one-level parking area at 50 Chargali Street in the Nadzaladevi district, developed by Tetri Kvadrati (brand w2). The developer states completion in December 2028. On 12 November 2026 it lists eight flats for sale, all two-bedroom flats of 73.4 to 85.4 m². The block is under construction, and the pages do not publish a progress figure.

How many flats are available at W2 Sanzona Tbilisi?

The developer’s card and floor selector count 8, but the flat pages mark four of those Reserved, so four flats have no reservation tag: nos. 1 and 6 on floor 1 and nos. 95 and 98 on floor 11. The other four, nos. 69, 75, 76 and 85, are on floors 8 to 10. Counts can change at any time, so the developer’s apartments page on the day is the reference.

What does a flat cost?

The developer prints USD 1,250 per m² on every listed flat, which gives USD 91,750 for the 73.4 m² flat and USD 106,750 for the 85.4 m² flat; the available flats range from USD 91,750 to 106,500. In lari at the official rate of USD 1 = GEL 2.5933 on 12 November 2026 that is about GEL 237,900 to 276,800. These are asking prices that the developer’s Terms say may change without notice.

Is “Rooms 3” a three-bedroom flat?

Not on the evidence of the same pages. The flat pages print “Rooms 3”, but the room breakdown on the same pages lists two bedrooms, a balcony, a bathroom and a hall, and the bedroom filter reads 2. Korter calls the same flats 3-room. The pages do not state the counting rule; the reading that fits the breakdown is two bedrooms plus a hall. The unit plan for the exact flat number settles it.

When is handover for W2 Sanzona Tbilisi?

The developer states December 2028 in its English, Russian and Georgian texts, and Korter prints Q4 2028, so the sources agree. The date is not a contractual commitment until it is written into the sale contract. The pages publish no construction progress, which is why the list of written questions asks for the handover act, the date and the consequences in the contract.

Is there an instalment plan?

None is published for this block. The public payment plan is named Full Payment, with a 100 percent advance, and carries a discount of 150 whose unit the page does not state. A Custom Plan is offered on request without terms. A buyer who is offered an instalment plan should ask for the schedule and its effective cost against the cash price, in writing, before reserving.

Does a flat here qualify for a residence permit?

The test in the Law on the Legal Status of Aliens looks at property other than agricultural land whose market value exceeds USD 150,000 in lari terms, as set by an accredited assessor. Every printed price here is below USD 150,000, the highest being USD 106,750. What an assessor would conclude is a question for the assessor and the Public Service Development Agency.

How far is the metro?

The developer prints no distance and says the Grmagele metro station is nearby. Computed from the project’s map point and Wikipedia’s station coordinates, it is about 0.75 km in a straight line, and a modelled road route is 1.6 km. These are the guide’s calculations, not the developer’s, and not a walking time. The Tbilisi Transport Company’s journey planner is the place to check public-transport routes.

Is the SanZona on David Guramishvili Avenue the same project?

No. A complex named SanZona stands at David Guramishvili Avenue 71 and 73. Korter shows it as two houses completed in 2017 and names Epic Development as its developer. The project in this guide is at 50 Chargali Street, was announced by Tetri Kvadrati in a news item of 20 July 2026 and is due in December 2028. The two share a name and a neighbourhood label, and nothing else.

How is a flat taxed after purchase in Georgia?

Since 30 September 2026 the Tax Code leaves an individual’s property other than land untaxed when the family’s income in the previous year was GEL 100,000 or less; above that, Article 202(5) applies a rate of 0.8 to 1 percent of year-end market value. The return is due by 1 November and the tax by 15 November. Whether this reaches a flat still under construction turns on the contract and the registry entry.

Sources and last check

Last checked: 12 November 2026. Sources:

This is not legal, tax or financial advice.

  • City Tbilisi
  • Country Georgia

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Zhamal Abdykozhoeva
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