In May 2024, in Tbilisi the number of transactions of residential flats amounted to 3,225 units, reflecting 10% YoY decrease. Market size decreased by 6% standing at USD 208 millions., - according to the RECOV.ge.
As of May 2024 in Tbilisi the weighted average price of old flats has decreased by 1% in the city centre, while in the wide centre and suburbs 5% and 11% growth was witnessed.
In May 2024 the number of transactions in new projects decreased by 4%. While the figure for old flats features a 22% decrease compared to May 2023.
As of May 2024 the weighted average price of newly-built flats in Tbilisi has decreased by 0.5% in the city centre, while the figure has increased by 8% and 14% in the wide centre and suburbs.
As of April 2024 in Tbilisi the weighted average price of old flats has increased by 8% in the suburbs, while in the wide centre and city centre 6% and 9% growth was witnessed.
In April 2024, in Tbilisi the number of transactions of residential flats amounted to 3,355 units, reflecting 26% YoY increase. Market size increased by 32% standing at USD 217 millions.
