Galt&Taggart published a report on Regional Residential Real Estate. According to the document, in 2023, the number of apartments sold in Gudauri reached 378 units, down 27.0% y/y (due to the record high base in 2022).
Total of 6 residential projects are currently under development in Gudauri. In 2023, small-sized apartment (26-50 m2) sales accounted for 87.4% of total sales, in line with existing trend. Moreover, almost half of the sold apartments were recorded in the upscale price segment ($1,201-1,800).
By end-2023, weighted average price of apartments in Gudauri was down by 3.5% y/y. Total market size of apartments sold in Gudauri stood at US$ 18.8mn, down by 26.0% y/y.
