In February 2024, in Tbilisi the number of transactions of residential flats amounted to 3,546 units, reflecting 1% YoY decrease, - according to the report published by Colliers Georgia on recov.ge.
As of the document market size increased by 5% standing at USD 227 millions.
In February 2024 the number of transactions in new projects increased by 4%. While the figure for old flats features a 10% decrease compared to February 2023.
As of February 2024 the weighted average price of newly-built flats in Tbilisi has increased by 7% in the suburbs, while the figure has increased by 1% and 2% in the wide and city centre.
As of February 2024 in Tbilisi the weighted average price of old flats has increased by 12% in the suburbs, while in the wide centre and city centre 6% and 5% growth was witnessed.
