06.May .2021 10:00

Which Tbilisi districts have become costlier/cheaper in 5 years to own a property?

Which Tbilisi districts have become costlier/cheaper in 5 years to own a property?
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International School of Economics at TSU (ISET) published a video, which showed how the price for per square meter on residential real estate changed in Tbilisi for the last 5 years.

As of March, 2021, the highest price per square meter on residential real estate is observed in Mtatsminda, cost of 1 square meter totals to 1281 USD. Accordingly, the value of the real estate on Mtatsminda has increased the most compared to March 2016. The cost for one square meter on Mtatsminda has increased by an average of 224 USD or 21% for the last 5 years.

According to ISET, price increase on residential real estate is observed in all districts except Saburtalo, where the price for one square meter totals to 901 USD instead of 910 USD (March, 2016).

The cost of one square meter on residential real estate in Gldani has increased by 90 USD for the last 5 years amounting to 659 USD. The most affordable real estate is still in Samgori district, where per square meter costs 622 USD. In the last 5 years, the cost per square meter in Samgori has increased by 67 USD.

How the price for per square meter changed in Tbilisi for the last 5 years:

Mtatsminda – current price 1,281 USD, price in 2016 - 1,057 USD, increase - 224 USD, change in percentage - 21%
Vake - current price 1,159 USD, price in 2016 - 1,003 USD, increase – 156 USD, percentage change - 16%
Krtsanisi - current price 956 USD, price in 2016 – 800 USD, increase – 156 USD, percentage change - 20%
Saburtalo - current price 901 USD, price in 2016 - 910 USD, decrease - - 9USD, percentage change - -1%
Chugureti - current price 899 USD, price in 2016 – 788 USD, increase – 111 USD, percentage change - 14%
Didube - current price 837 USD, price in 2016 - 803 USD, increase – 34 USD, percentage change - 4%
Isani - current price 790 USD, price in 2016 – 665 USD, increase – 125 USD, percentage change - 19%
Nadzaladevi - current price 691 USD, price in 2016 – 614 USD, increase – 77 USD, percentage change - 13%
Gldani - current price 659 USD, price in 2016 – 569 USD, increase – 90 USD, percentage change - 16%
Samgori – current price 622 USD, price in 2016 – 555 USD, increase – 67 USD, change in percentage - 12%.