In March 2026, the number of transactions in new projects in Tbilisi increased by 33.4% compared to March of the previous year. Growth was recorded both in the primary market (+38.7%) and in the secondary market of new-build properties (+26.7%). The number of transactions in older projects also increased by 22.8%.
The significant growth in the number of transactions in March 2026 was largely driven by the low base of the previous year, which was related to political instability.
In March 2026, the weighted average selling price of older apartments in Tbilisi increased compared to March 2025: — by 8.3% in the city center — by 5.2% in the suburbs — while the wider center recorded a decrease of 0.4% due to an increased share of more affordable districts
Across the city as a whole, prices for older apartments increased by 6.8%.
For new-build properties: — prices in the suburbs increased by 10.9% — in the wider center, they increased by 7.4% — in the city center, a decrease of 0.4% was recorded, also due to a change in demand structure
In the primary market, the weighted average price increased by 4.2%, while in the secondary market it increased by 3.9%.
The total number of residential apartment transactions in Tbilisi in March 2026 amounted to 3,913 units, which is 30.9% more than a year earlier. Market volume increased by 36.3% and reached USD 321 million.
The market is alive, active, and continues to grow. The outskirts are becoming increasingly attractive for investment due to the high pace of price growth, while the city center remains the consistently expensive “good old Tbilisi.”