According to the latest Galt & Taggart review, apartment prices in Tbilisi continued to rise in 2025. The average price per square meter reached $1,373, up from $1,320 in 2024. Over the year, 42,388 apartments worth $3.5 billion were sold in the capital, expanding the overall market by 12.6%.
Demand was highest in Didi Dighomi, Samgori, and Gldani, where the largest number of apartments were purchased. However, the most expensive districts remained Mtatsminda, Vake, and Chughureti, with Mtatsminda’s average price reaching $3,294 per m². In contrast, Didi Dighomi and Samgori, two of the most active markets, remained among the most affordable.
Price growth slowed notably compared to previous years. In 2025, new-build (primary market) prices increased by 4% year-on-year, signaling stabilization after the sharp rises of 2023 and 2024. On the secondary market (buildings constructed after 2013), prices rose by 7.9% annually as of December 2025. Increased competition among developers also encouraged improvements to in-house installment financing schemes.
Galt & Taggart forecasts single-digit price growth for 2026. While demand is expected to remain close to 2025 levels, supported by urbanization, smaller household sizes, and high rental yields, the bank warns that large upcoming projects and continued high permitting levels could increase oversupply risks, potentially slowing future price increases.
