Number of transactions
In Apr-24, the number of sold apartments in Tbilisi stood at 3,220 units, up 24.7% y/y and up 7.7% m/m. Strong annual growth is explained by last year’s low base effect.
Prices
In Apr-24, prices increased monthly for new projects (both, primary and secondary markets).
Market size
In Apr-24, the total market value of apartments sold in Tbilisi stood at US$ 247.9mn, up by 33.2% y/y, due to low base in Apr-23.
Rent
In Apr-24, price for renting an average apartment (50-60 m2) in Tbilisi remained flat m/m (US$ 9.9 per m2).
Construction permits
In 4M24, 75 new permits were issued for residential projects, with the total living area of 560,645 m2 (-8.1% y/y).
Thumbnail
Category