Prices continue to move upward, especially in new-build properties.
In the wider city center, annual growth reached 20%. In the city center, prices increased by 12.5%, and in the suburbs by 10.4%.
Across the city as a whole, the primary market grew by 11.1%, while the secondary market increased by 5.3%.
Older housing stock is also not standing still: prices increased by an average of 8% across the city.
The number of transactions grew by 1.4% and reached 2,923 apartments. Market volume reached $232 million, up 11.7%.
Growth in transactions in new projects was driven specifically by the secondary market of new-build properties (+8%), while the primary market showed a slight correction. This indicates a redistribution of demand within the segment rather than a decline in market interest.
Tbilisi remains a stable market with moderate but systemic growth.
If you are considering buying an apartment in the capital, it is important to understand where the greatest potential is currently forming: the city center, the wider center, or the suburbs, and whether in the primary or secondary market.
In the wider city center, annual growth reached 20%. In the city center, prices increased by 12.5%, and in the suburbs by 10.4%.
Across the city as a whole, the primary market grew by 11.1%, while the secondary market increased by 5.3%.
Older housing stock is also not standing still: prices increased by an average of 8% across the city.
The number of transactions grew by 1.4% and reached 2,923 apartments. Market volume reached $232 million, up 11.7%.
Growth in transactions in new projects was driven specifically by the secondary market of new-build properties (+8%), while the primary market showed a slight correction. This indicates a redistribution of demand within the segment rather than a decline in market interest.
Tbilisi remains a stable market with moderate but systemic growth.
If you are considering buying an apartment in the capital, it is important to understand where the greatest potential is currently forming: the city center, the wider center, or the suburbs, and whether in the primary or secondary market.
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