In the fourth quarter of 2022 the Residential Property Price Index (RPPI) in Georgia increased by 5.5% compared to the previous quarter, while the annual increase amounted to 14.3%, - accoridng to the preliminary data from the National Statistics Office of Georgia (Geostat).
Compared to the 2020 average, the index change amounted to 24%. The RPPI covers the market of new residential property in Tbilisi, both flats and detached houses segments.
In the fourth quarter of 2022 a price increase compared to the previous quarter was registered both in flats (3.8%) and detached houses (8.9%) segments.
Compared to the fourth quarter of 2021, the prices increased in both segments, for flats by 12.5% and for detached houses by 18%.
