21.Apr .2022 16:00

Real Estate Price Up In Georgia in 1Q2022

Real Estate Price Up In Georgia in 1Q2022
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In the first quarter of 2022 the Residential Property Price Index (RPPI) in Georgia increased by 4.2% compared to the previous quarter, while the annual increase amounted to 3.4%. Compared to the 2020 average, the index change amounted to 13.1%,- show the preliminary data from the National Statistics Office of Georgia (Geostat).

According to the report, in the first quarter of 2022 a price increase compared to the previous quarter was registered both in flats (5.4%) and detached houses (2.0%) segments. Compared to the first quarter of 2021, the prices also increased in both segments, for flats by 4.5% and for detached houses by 1.0%.

The median prices of 1m2 in the newly-built residential properties in the first quarter of 2022 in Tbilisi, by districts:

PRICE OF 1M2 FOR FLATS (GEL)

MTATSMINDA - 4 458
VAKE - 3 690
KRTSANISI - 3 143
SABURTALO - 3 072
CHUGHURETI - 3 030
DIDUBE - 2 980
NADZALADEVI - 2 809
ISANI - 2 665
GLDANI - 2 619
SAMGORI - 2 482

PRICE OF 1M2 FOR DETACHED HOUSES(GEL)

MTATSMINDA - 3 470
VAKE - 3 090
DIDUBE - 2 980
SABURTALO - 2 730
ISANI - 2 685
KRTSANISI - 2 360
CHUGHURETI - 2 260
SAMGORI - 2 035
NADZALADEVI - 1 840
GLDANI - 1 675