In the first quarter of 2023, the Residential Property Price Index (RPPI) in Georgia increased by 0.9% compared to the previous quarter, while the annual increase amounted to 10.7%, - according to the National Statistics Office of Georgia (Geostat).
According to the document, compared to the first quarter of 2022, the prices increased in both segments, for flats by 9.3% and for detached houses by 11.6%.
The median prices of 1m2 in the newly-built residential properties in 1Q2023 in Tbilisi, by districts:
Price Of 1 square m for flats (GEL)
• Mtatsminda - GEL 4,919;
• Vake - GEL 4,201;
• Saburtalo - GEL 3,344;
• Chugureti - GEL 3,257;
• Krtsanisi - GEL 3,175;
• Didube - GEL 3,004;
• Nadzaladevi - GEL 2,928;
• Isani - GEL 2,856;
• Gldani - GEL 2,788;
• Samgori - GEL 2,647;
Price Of 1 squre m for detached houses (GEL)
• Mtatsminda - GEL 3 619;
• Vake - GEL 3 405;
• Saburtalo - GEL 2 944;
• Didube - GEL 2 717;
• Chugureti - GEL 2 451;
• Krtsanisi - GEL 2 213;
• Isani - GEL 2 194;
• Samgori - GEL 2,002;
• Nadzaladevi - GEL 1,958;
• Gldani - GEL 1,864.
