In October 2024, in Tbilisi the number of transactions of residential flats amounted to 3,865 units, reflecting 14% YoY increase.
According to an updated review of the residential real estate market by Colliers Georgia, the market size increased by 22% to USD 274 million.
As of the document, in October 2024 the number of transactions in new projects in Tbilisi increased by 23%. While the figure for old flats features a 8% decrease compared to October 2023.
In October 2024 the weighted average price of newly-built flats in Batumi increased by 14% equaling USD 1,141 per sq m, while the figure for old flats recorded an 11% increase to USD 1,014 per sq m.
In October 2024, in Tbilisi the number of transactions of residential flats amounted to 3,865 units, reflecting 14% YoY increase. Market size increased by 22% standing at USD 274 millions.
