IRES
IRES is a Tbilisi-based real estate marketplace founded in 2009, hosting over 32,000 property listings in five languages and serving Georgian, CIS, Iranian, and Middle Eastern buyers and renters with listings, valuation, measurement, and residence permit services.
- Company typePrivate
- Founded2009
- HeadquartersTbilisi, Georgia
- Headcount11–50
- GTM typeB2C
- OfferingServices
What IRES does
IRES (operating under the legal entity RentX GEORGIA) is a Tbilisi-headquartered real estate marketplace founded in 2009 that connects Georgian property owners, developers, and brokers with prospective buyers and renters. The platform hosts more than 32,286 property listings and operates in five languages—Georgian, English, Russian, Persian, and Arabic—indicating an explicit focus on international buyer demand from CIS, Iranian, and Middle Eastern markets alongside local Georgian users. The company does not disclose its management team, ownership, or financials.
IRES's service portfolio extends beyond classified listings into adjacent professional services, including ISO/IEC-compliant property valuation, property measurement, residence permit assistance for foreign buyers, and co-branded development projects under the AXIS Projects label. Distribution combines a self-serve product-led growth marketplace with broker-mediated channels and subscription offerings, giving the company multiple monetization surfaces.
The business model is multi-pillar: transaction commissions on completed deals, fees for professional services such as valuations and measurements, and subscription revenue. Pricing is not publicly disclosed. No AI/ML capabilities, certifications, awards, regulatory actions, or M&A activity are documented in the available source material.
IRES firmographics
Firmographics- Name
- IRES
- Legal name
- RentX GEORGIA
- Website
- https://ires.ge
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- IRES is a Tbilisi-based real estate marketplace founded in 2009, hosting over 32,000 property listings in five languages and serving Georgian, CIS, Iranian, and Middle Eastern buyers and renters with listings, valuation, measurement, and residence permit services.
- Ownership category
- akta.pro rank
IRES industry classification
Industry- Product category
- Real Estate Marketplace
- NAICS
- Offices of Real Estate Agents and Brokers (5312), Offices of Real Estate Agents and Brokers (53121)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Buyer Representation Services (BPAJAAAJ)
- akta.pro secondary industry
- Residential Lease Administration & Tenant Services (BPAJAFAL)
Keywords
Where IRES is headquartered
LocationHeadquarters
- HQ city
- Tbilisi
- HQ country
- Georgia
- HQ region
- Asia
Offices2 records
Markets served
IRES business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Property Listings Commission: IRES generates revenue through transaction commissions on property sales and rentals facilitated through the platform.
- Property Valuation Services: ISO/IEC compliant property valuation services offered to legal and natural persons for various purposes including buying, selling, insurance, and investment projects.
- Property Measurement Services: Property measurement services provided as professional real estate services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Real estate marketplace platform - no tier pricing disclosed |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels2 records
IRES product offering
Product offeringCore offering
IRES (legal entity: RentX GEORGIA) operates a Georgian real estate marketplace where individuals and businesses can list and search apartments, houses, land, commercial spaces, and hotels for sale or rent. The company additionally provides fee-based professional property valuation (following ISO/IEC standards) and property measurement/surveying services for both legal entities and individuals, and assists foreign buyers with Georgian residence permit applications tied to property purchases above USD 35,000.
Product overview
IRES is a Georgian real estate marketplace platform offering a comprehensive portfolio of property-related services. The core offering is an online property listings platform where users can search and list residential and commercial properties for sale and rent across Georgia. This platform operates alongside complementary professional services including property valuation (following ISO/IEC international standards) and property measurement services for both legal entities and individuals. The company also provides residence permit assistance for foreign property owners and features special AXIS-branded project listings.
Differentiator
Problem solved
Functional benefit
Products and services
- IRES Property Listings Platform Online real estate listing platform enabling users to search, browse, and list properties for sale and rent across Georgia, including apartments, houses, land, commercial spaces, and hotels.
- Property Valuation Services (უძრავი ქონების შეფასება) Professional property valuation services for both legal entities and individuals, following ISO/IEC international standards and local legislation, covering apartments, houses, office and commercial spaces, and land; reports are accepted at state and private organizations.
- Property Measurement Services (უძრავი ქონების აზომვა) Property measurement and surveying services for real estate transactions and documentation purposes, offered to both legal persons and individuals.
- Residence Permit Assistance (ბინადრობის ნებართვა) Assistance with Georgian residence permit applications for property owners whose property value exceeds USD 35,000, integrated with IRES property purchase services.
Companies that use IRES
Customer profileSegments4 records
Ideal customer profiles3 records
IRES technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
IRES partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- AXIS (AXIS-ის პროექტები)minorIRES links to AXIS projects on its platform, indicating a partnership or collaborative relationship for certain real estate development projects. The nature of the partnership appears to involve project-specific collaboration in the Georgian real estate market.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
IRES competitors and assessment
Company assessmentBroad incumbents
- Zillow: The global benchmark for real estate listing portals. While operating in a vastly larger market, Zillow represents the structural incumbent model that IRES follows — listings, valuations, and lead generation — illustrating both ceiling and competitive reference.
- Avito: Dominant Russian and CIS classifieds platform that includes real estate listings. Comparable to IRES as a marketplace operator in the broader CIS/former-Soviet consumer space, although Avito is a much broader horizontal classifieds business.
Direct peers
- SS.ge: Major Georgian classifieds and real estate platform with extensive property listings. Operates in the same horizontal marketplace adjacent to IRES, including residential, commercial, and rental listings in Georgia.
- MyHome.ge: One of the largest Georgian real estate listing portals, directly competing with IRES in residential and commercial listings across Georgia. Highly comparable as a homegrown Georgian marketplace serving the same buyer/renter/landlord audience.
- Livo.ge: Georgian real estate platform offering property listings and search services. Directly competes with IRES for buyer/seller traffic in the Georgian residential market.
- Makler.ge: Georgian real estate broker and listings platform. Referenced in IRES' own contact details (Skype: gmakler.ge), indicating an established competing broker/listing operator in the same Georgian market.
- Place.ge: Georgian real estate marketplace focused on property listings and rentals. Comparable to IRES as a domestic Georgian listing portal serving similar buyers, sellers, and renters.
Regional players
- Batumiproperty: Real estate platform targeting Batumi and Adjara region buyers. Comparable to IRES for a certain regional segment of the Georgian market, particularly relevant given IRES' coverage of Batumi listings.
- TbilisiHome: Georgian real estate portal specifically focused on Tbilisi properties. Comparable to IRES as a domestic Georgian listings platform with city-focused specialization.
Emerging players
- CIAN: Russia/CIS-focused real estate marketplace with advanced valuation and listing tools. Comparable to IRES in core marketplace model and supplementary valuation services, and relevant as a regional peers in the CIS/former-Soviet property market IRES also targets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
IRES social profiles
Digital presenceIRES financial estimates
Financial estimateRevenue estimate
Valuation estimate
IRES leadership team
Management profileNumber of profiles
IRES funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IRES M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IRES
What does IRES do?
IRES (legal entity: RentX GEORGIA) operates a Georgian real estate marketplace where individuals and businesses can list and search apartments, houses, land, commercial spaces, and hotels for sale or rent. The company additionally provides fee-based professional property valuation (following ISO/IEC standards) and property measurement/surveying services for both legal entities and individuals, and assists foreign buyers with Georgian residence permit applications tied to property purchases above USD 35,000.
Is IRES a public or private company?
IRES is a private company. It is classified as unknown and is currently operating.
When was IRES founded?
IRES was founded in 2009. It employs 11 to 50 people.
Where is IRES based?
IRES is headquartered in Tbilisi, Georgia, in the Asia region.
How does IRES make money?
Three revenue lines are on record. Property Listings Commission is the primary driver. The others are property Valuation Services and property Measurement Services.
Who are IRES's main competitors?
Broad incumbents on record are Zillow and Avito. Direct peers are SS.ge, MyHome.ge, Livo.ge, Makler.ge and Place.ge. Regional players are Batumiproperty and TbilisiHome. CIAN is listed as an emerging player.
Does IRES have an API?
No public API is recorded for IRES.
What industry is IRES in?
IRES's product category is Real Estate Marketplace. Its primary akta.pro industry code is BPAJAAAJ, Buyer Representation Services, with a secondary code of BPAJAFAL, Residential Lease Administration & Tenant Services. Its NAICS code is 5312 and its SIC code is 6531.