In the first quarter of 2026, Tbilisi’s real estate market grew significantly, with total market size increasing by 24% year-on-year to $941 million, according to a report by TBC Capital. The completion of large-scale construction projects partly drove the growth.
During January–March, 10,723 apartments were sold in Tbilisi, marking a 19% annual increase. The average selling price reached $1,343 per sq. m, up 6% compared to last year, reflecting continued price growth in the housing segment.
In March alone, the market showed even stronger momentum, with 4,031 apartments sold, a 32% year-on-year increase. The average price rose by 4% to $1,341 per sq. m, while total market value reached $352 million, up 33% annually.
Rental prices moved in the opposite direction, declining by 5% year-on-year to $10.1 per sq. m. Meanwhile, new apartment sales slightly decreased by 3% to 564 transactions, while existing apartment sales surged by 40% to 3,467 transactions, highlighting strong demand in the secondary market.
