Tbilisi residential property price index up y/y and down q/q in 3Q21, - according to TBC Capital report from the Chief Economist.
According to the report, residential property price index (RPPI) was up 8.9% y/y in 3Q21, after a 10.1% y/y growth in previous quarter, according to Geostat.
Notably, flats price growth remained almost unchanged at 7.3% y/y, while detached houses price growth slowed to 13.5% y/y after rising 17.9% y/y in previous quarter. On a quarterly basis, prices fell in both segments, down 4.6% q/q for detached houses and down 1.8% q/q for flats, which led to a 2.5% q/q drop in total RPPI in 3Q21.
According to the report, residential property price index (RPPI) was up 8.9% y/y in 3Q21, after a 10.1% y/y growth in previous quarter, according to Geostat.
Notably, flats price growth remained almost unchanged at 7.3% y/y, while detached houses price growth slowed to 13.5% y/y after rising 17.9% y/y in previous quarter. On a quarterly basis, prices fell in both segments, down 4.6% q/q for detached houses and down 1.8% q/q for flats, which led to a 2.5% q/q drop in total RPPI in 3Q21.
