In August 2024, in Tbilisi the number of transactions of residential flats amounted to 3,230 units, reflecting 5% YoY decrease. Market size increased by 7% standing at USD 230 millions, - according to the report published by Colliers Georgia on Recov.ge.
According to the document, in August 2024 the number of transactions in new projects in Tbilisi increased by 0.4%. While the figure for old flats features a 17% decrease compared to August 2023.
As of August 2024 in Tbilisi the weighted average price of old flats has increased by 10% in the suburbs and by 9% in the city centre, while in the wide centre 2% decline was witnessed.
As of August 2024 the weighted average price of newly-built flats in Tbilisi has increased by 8% in the suburbs. The figure has increased by 7% in the city centre and by 4% in the wide centre.
